SUMCO (OTCMKTS:SUOPY) Stock Price Up 14.9% – Time to Buy?

SUMCO (OTCMKTS:SUOPY)’s stock price traded up 14.9% during mid-day trading on Wednesday. The company traded as high as $27.76 and last traded at $27.01. Approximately 13,692 shares were traded during trading, an increase of 8% from the average session volume of 12,675 shares. The stock had previously closed at $23.50.

Analyst Ratings Changes

Separately, UBS Group raised shares of SUMCO to a “buy” rating in a report on Tuesday, September 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

SUMCO Price Performance

The company’s 50-day moving average is $36.49 and its two-hundred day moving average is $36.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.37 and a quick ratio of 1.53. The firm has a market cap of $4.82 billion, a P/E ratio of -26.76 and a beta of 1.63.

SUMCO (OTCMKTS:SUOPY) last issued its earnings results on Wednesday, November 11th. The company reported ($0.16) EPS for the quarter. SUMCO had a negative net margin of 6.60% and a negative return on equity of 4.24%. Sell-side analysts anticipate that SUMCO will post -0.62 EPS for the current fiscal year.

SUMCO Company Profile

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.