SUMCO (OTCMKTS:SUOPY) Sees Strong Trading Volume – What’s Next?

Shares of SUMCO (OTCMKTS:SUOPY) saw unusually-high trading volume on Tuesday . Approximately 3,700 shares traded hands during trading, an increase of 67% from the previous session’s volume of 2,209 shares.The stock last traded at $21.00 and had previously closed at $20.95.

Wall Street Analysts Forecast Growth

SUOPY has been the topic of several recent research reports. Sanford C. Bernstein upgraded shares of SUMCO from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Nomura upgraded shares of SUMCO to a “strong-buy” rating in a research report 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. According to MarketBeat, the stock has an average rating of “Buy”.

SUMCO Trading Up 1.2%

The stock has a 50-day moving average price of $17.67 and a two-hundred day moving average price of $18.23. The stock has a market capitalization of $3.63 billion, a PE ratio of 230.58 and a beta of 1.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 3.11.

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.