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

SUMCO (OTCMKTS:SUOPY) shares gapped up before the market opened on Thursday . The stock had previously closed at $16.1450, but opened at $17.4650. SUMCO shares last traded at $17.4650, with a volume of 131 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SUOPY. Nomura Securities raised shares of SUMCO to a “strong-buy” rating in a research note on Monday, September 29th. Sanford C. Bernstein upgraded SUMCO from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

SUMCO Stock Performance

The firm’s 50 day moving average is $19.32 and its 200-day moving average is $17.16. The company has a market cap of $3.02 billion, a PE ratio of 191.56 and a beta of 1.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 2.97.

About SUMCO

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.