SUMCO (OTCMKTS:SUOPY) Sees Large Volume Increase – Should You Buy?

SUMCO (OTCMKTS:SUOPY) shares saw unusually-strong trading volume on Tuesday . Approximately 722 shares were traded during trading, an increase of 81% from the previous session’s volume of 400 shares.The stock last traded at $19.25 and had previously closed at $18.6350.

Wall Street Analyst Weigh In

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

SUMCO Stock Performance

The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 217.23 and a beta of 1.07. The company has a 50-day moving average price of $17.47 and a 200-day moving average price of $17.85. 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.