SUMCO (OTCMKTS:SUOPY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of SUMCO (OTCMKTS:SUOPY) saw an uptick in trading volume on Tuesday . 722 shares traded hands 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.

Analyst Ratings Changes

SUOPY has been the topic of several analyst reports. Nomura Securities raised shares of SUMCO to a “strong-buy” rating in a report on Monday, September 29th. Sanford C. Bernstein upgraded shares of SUMCO from a “strong sell” rating to a “hold” rating in a research 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’s stock. According to data from MarketBeat.com, SUMCO currently has a consensus rating of “Buy”.

SUMCO Price Performance

The company has a current ratio of 3.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $3.40 billion, a P/E ratio of 215.56 and a beta of 1.07. The company has a fifty day simple moving average of $17.59 and a two-hundred day simple moving average of $17.78.

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.