SUMCO (OTCMKTS:SUOPY) Sees Large Volume Increase – Here’s Why

SUMCO (OTCMKTS:SUOPY) saw unusually-high trading volume on Tuesday. Approximately 20,134 shares traded hands during trading, an increase of 61% from the average daily volume of 12,505 shares. The stock last traded at $23.83 and had previously closed at $24.05.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded SUMCO to a “buy” rating in a research note on Tuesday, September 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

SUMCO Price Performance

The company has a market cap of $4.14 billion, a price-to-earnings ratio of -22.99 and a beta of 1.63. The company has a 50-day simple moving average of $36.86 and a 200-day simple moving average of $36.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.53 and a current ratio of 3.37.

About SUMCO

SUMCO Corporation is a Japan-based manufacturer of silicon wafers, the foundational materials used to produce semiconductor devices. Its products include polished and epitaxial wafers supplied to semiconductor manufacturers for use in a range of applications. The company was established in 1999 as Sumitomo Mitsubishi Silicon Corporation through the combination of silicon wafer businesses associated with Sumitomo Metal Industries and Mitsubishi Materials. It adopted the SUMCO name in 2002. Headquartered in Japan, SUMCO serves semiconductor manufacturers around the world.