SUMCO (OTCMKTS:SUOPY) Stock Price Up 5.4% – Still a Buy?

SUMCO (OTCMKTS:SUOPY) rose 5.4% during mid-day trading on Tuesday. The stock traded as high as $41.31 and last traded at $41.31. 4,618 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 9,737 shares. The stock had previously closed at $39.19.

Analyst Ratings Changes

Separately, UBS Group upgraded SUMCO to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

SUMCO Trading Up 3.0%

The firm has a market cap of $7.06 billion, a P/E ratio of -39.17 and a beta of 1.56. The firm’s fifty day moving average is $42.43 and its two-hundred day moving average is $40.15. The company has a quick ratio of 1.53, a current ratio of 3.37 and a debt-to-equity ratio of 0.50.

SUMCO (OTCMKTS:SUOPY) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.16) EPS for the quarter. SUMCO had a negative return on equity of 4.24% and a negative net margin of 6.60%.The company had revenue of $712.93 million during the quarter. Analysts predict that SUMCO will post -0.62 earnings per share for the current fiscal year.

About SUMCO

SUMCO Corporation is a Japan-based manufacturer of semiconductor silicon wafers. The company supplies highly engineered silicon substrates used by semiconductor manufacturers to produce integrated circuits and other electronic components.

Its product portfolio includes polished silicon wafers, epitaxial wafers and other wafer products in a range of sizes and specifications, including large-diameter wafers used in advanced semiconductor manufacturing. SUMCO also provides wafer-related technical support and manufacturing services tailored to customer process requirements.

The company was formed through the integration of silicon-wafer operations formerly associated with Sumitomo Metal Industries and Mitsubishi Materials, and adopted the SUMCO name in 2002.