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

SUMCO (OTCMKTS:SUOPY) gapped down before the market opened on Friday . The stock had previously closed at $19.6450, but opened at $18.7720. SUMCO shares last traded at $18.7720, with a volume of 103 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SUOPY shares. Nomura Securities raised shares of SUMCO to a “strong-buy” rating in a research report on Monday, September 29th. Sanford C. Bernstein upgraded SUMCO from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, SUMCO has an average rating of “Buy”.

SUMCO Stock Performance

The stock has a fifty day moving average of $17.47 and a 200-day moving average of $17.85. The firm has a market capitalization of $3.29 billion, a P/E ratio of 208.58 and a beta of 1.07. The company has a quick ratio of 1.29, a current ratio of 3.11 and a debt-to-equity ratio of 0.50.

About SUMCO

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.