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

SUMCO (OTCMKTS:SUOPY) gapped up before the market opened on Monday . The stock had previously closed at $20.38, but opened at $22.2160. SUMCO shares last traded at $22.2160, with a volume of 157 shares trading hands.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised shares of SUMCO from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

SUMCO Trading Up 6.3%

The stock has a market capitalization of $3.88 billion, a PE ratio of 67.40 and a beta of 1.09. The stock’s 50 day moving average price is $18.91 and its 200-day moving average price is $18.64. 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.