SUMCO (OTCMKTS:SUOPY) Shares Gap Up – Time to Buy?

SUMCO (OTCMKTS:SUOPY) gapped up prior to trading on Friday . The stock had previously closed at $20.1029, but opened at $20.90. SUMCO shares last traded at $20.90, with a volume of 1,502 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded shares of SUMCO from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, SUMCO has a consensus rating of “Buy”.

SUMCO Price Performance

The stock has a market capitalization of $3.65 billion, a P/E ratio of -46.44 and a beta of 1.09. The business’s 50 day simple moving average is $19.45 and its two-hundred day simple moving average is $18.86. 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 (OTCMKTS:SUOPY) last issued its quarterly earnings data on Tuesday, February 10th. The company reported ($0.40) EPS for the quarter. The company had revenue of $683.19 million during the quarter. SUMCO had a negative return on equity of 1.75% and a negative net margin of 2.82%.

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.