SUMCO (OTCMKTS:SUOPY) Shares Gap Up – What’s Next?

Shares of SUMCO (OTCMKTS:SUOPY) gapped up before the market opened on Wednesday . The stock had previously closed at $16.6150, but opened at $17.75. SUMCO shares last traded at $17.75, with a volume of 1,500 shares changing hands.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Sanford C. Bernstein upgraded SUMCO from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Nomura Securities raised SUMCO to a “strong-buy” rating in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, SUMCO has a consensus rating of “Buy”.

SUMCO Price Performance

The firm has a market capitalization of $3.11 billion, a P/E ratio of 197.22 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. The firm has a 50-day moving average of $18.21 and a 200-day moving average of $17.54.

SUMCO Company Profile

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.