SUMCO (OTCMKTS:SUOPY) Shares Gap Up – What’s Next?

Shares of SUMCO (OTCMKTS:SUOPY) gapped up prior to trading on Wednesday . The stock had previously closed at $16.6150, but opened at $17.75. SUMCO shares last traded at $17.75, with a volume of 1,500 shares trading hands.

Analyst Ratings Changes

Several research firms have weighed in on SUOPY. Sanford C. Bernstein upgraded SUMCO from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Nomura Securities raised SUMCO to a “strong-buy” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.

SUMCO Trading Up 0.0%

The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 197.22 and a beta of 1.07. The business’s fifty day moving average is $18.41 and its 200 day moving average is $17.53. The company has a quick ratio of 1.29, a current ratio of 3.11 and a debt-to-equity ratio of 0.50.

SUMCO Company Profile

SUMCO Corporation (OTCMKTS: SUOPY) is a premier global supplier of silicon wafers, a foundational material used in the fabrication of semiconductor devices. The company specializes in producing single-crystal silicon wafers in diameters ranging from 150 mm to 300 mm, serving high-performance applications in memory, logic, power devices and discrete components. In addition to its core wafer business, SUMCO offers epitaxial wafers and specialty silicon products designed to meet the exacting requirements of next-generation semiconductor nodes and power electronics.

Founded in 1975 as a spin-off from Mitsubishi Silicon, SUMCO has grown through strategic investments in research and development to advance wafer quality, diameter scaling and defect reduction.