Sumco (OTCMKTS:SUMCF) Trading Up 2.8% – Time to Buy?

Sumco Co. (OTCMKTS:SUMCF) shot up 2.8% during mid-day trading on Wednesday . The stock traded as high as $10.46 and last traded at $10.46. 6,922 shares traded hands during mid-day trading, an increase of 17% from the average session volume of 5,913 shares. The stock had previously closed at $10.18.

Sumco Trading Up 2.8%

The business’s 50-day moving average is $9.91 and its two-hundred day moving average is $9.58.

Sumco Company Profile

Sumco Corporation is a Tokyo-based manufacturer specializing in high-purity silicon wafers, a critical substrate for semiconductor device fabrication. Established in 1999 through the merger of the silicon wafer operations of Sumitomo Metal Industries and Mitsubishi Materials, the company has grown to become one of the world’s leading suppliers of mono- and polycrystalline silicon wafers. These wafers serve as fundamental components for integrated circuits in applications ranging from consumer electronics and automotive systems to industrial machinery and telecommunications equipment.

The company’s product portfolio includes standard and advanced wafer technologies, such as silicon-on-insulator (SOI) wafers, epitaxial (epi) wafers, and specialty substrates designed for next-generation device architectures.