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

SUMCO (OTCMKTS:SUOPY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $16.1450, but opened at $17.4650. SUMCO shares last traded at $17.4650, with a volume of 131 shares traded.

Wall Street Analyst Weigh In

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

SUMCO Stock Performance

The company has a quick ratio of 1.28, a current ratio of 2.97 and a debt-to-equity ratio of 0.50. The stock has a fifty day moving average price of $19.44 and a 200-day moving average price of $17.13. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 194.00 and a beta of 1.23.

SUMCO Company Profile

Sumco Corporation manufactures and sells silicon wafers for the semiconductor industry in Japan, the United States, China, Taiwan, Korea, and internationally. It provides monocrystalline ingots, as well as polished, annealed, epitaxial, junction isolated, silicon-on-insulator, and reclaimed polished wafers.