SUMCO (OTCMKTS:SUOPY) Shares Gap Up – Here’s Why

SUMCO (OTCMKTS:SUOPY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $20.22, but opened at $21.00. SUMCO shares last traded at $21.00, with a volume of 500 shares traded.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised SUMCO from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

SUMCO Stock Performance

The firm’s 50-day simple moving average is $18.23 and its two-hundred day simple moving average is $18.43. The company has a current ratio of 3.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $3.67 billion, a PE ratio of 233.33 and a beta of 1.07.

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.