Sumco (OTCMKTS:SUMCF) Shares Up 2.4% – Still a Buy?

Sumco Co. (OTCMKTS:SUMCFGet Free Report) shares shot up 2.4% during trading on Friday . The stock traded as high as $7.69 and last traded at $7.69. 11,789 shares traded hands during mid-day trading, an increase of 76% from the average session volume of 6,689 shares. The stock had previously closed at $7.51.

Sumco Price Performance

The business’s fifty day moving average is $9.00 and its 200-day moving average is $11.90.

About Sumco

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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.

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