SUMCO (OTCMKTS:SUOPY) Shares Gap Down – Here’s What Happened

SUMCO (OTCMKTS:SUOPY) gapped down before the market opened on Friday . The stock had previously closed at $19.6450, but opened at $18.7720. SUMCO shares last traded at $18.7720, with a volume of 103 shares.

Analyst Ratings Changes

SUOPY has been the topic of several recent analyst reports. 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 equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

SUMCO Trading Down 2.9%

The business’s 50 day simple moving average is $17.44 and its two-hundred day simple moving average is $17.91. The stock has a market cap of $3.32 billion, a P/E ratio of 210.89 and a beta of 1.07. The company has a quick ratio of 1.29, a current ratio of 3.11 and a debt-to-equity ratio of 0.50.

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.