SUMCO (OTCMKTS:SUOPY) Sees Unusually-High Trading Volume – Still a Buy?

SUMCO (OTCMKTS:SUOPY) saw unusually-strong trading volume on Tuesday. Approximately 20,134 shares were traded during mid-day 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.

Analyst Ratings Changes

Separately, UBS Group upgraded 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

SUMCO Price Performance

The stock’s 50-day moving average is $36.23 and its 200 day moving average is $36.23. 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 company has a market cap of $4.73 billion, a PE ratio of -26.27 and a beta of 1.63.

SUMCO (OTCMKTS:SUOPY) last issued its quarterly earnings data on Wednesday, November 11th. The company reported ($0.16) EPS for the quarter. The business had revenue of $738.42 million for the quarter. SUMCO had a negative net margin of 6.60% and a negative return on equity of 4.24%. On average, equities analysts anticipate that SUMCO will post -0.62 earnings per share 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.