SUMCO (OTCMKTS:SUOPY) Sees Unusually-High Trading Volume – Here’s Why

SUMCO (OTCMKTS:SUOPY) shares saw unusually-high trading volume on Tuesday . Approximately 3,700 shares traded hands during mid-day trading, an increase of 67% from the previous session’s volume of 2,209 shares.The stock last traded at $21.00 and had previously closed at $20.95.

Analysts Set New Price Targets

SUOPY has been the subject of a number of recent research reports. Nomura Securities upgraded shares of SUMCO to a “strong-buy” rating in a research note on Monday, September 29th. Sanford C. Bernstein raised SUMCO from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

SUMCO Price Performance

The business has a fifty day moving average of $17.45 and a 200 day moving average of $18.16. The firm has a market cap of $3.55 billion, a P/E ratio of 225.56 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.