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

SUMCO (OTCMKTS:SUOPY) saw an uptick in trading volume on Wednesday. 45,104 shares traded hands during trading, an increase of 313% from the average daily volume of 10,920 shares. The stock last traded at $32.29 and had previously closed at $31.6350.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded SUMCO to a “buy” rating in a report on Tuesday, September 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, SUMCO presently has an average rating of “Moderate Buy”.

SUMCO Stock Up 2.1%

The stock has a fifty day moving average price of $39.83 and a 200-day moving average price of $35.85. The firm has a market cap of $5.65 billion, a PE ratio of -31.34 and a beta of 1.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.53 and a current ratio of 3.37.

SUMCO (OTCMKTS:SUOPY) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.16) earnings per share (EPS) for the quarter. SUMCO had a negative return on equity of 4.24% and a negative net margin of 6.60%. The business had revenue of $712.93 million during the quarter. Research analysts expect that SUMCO will post -0.62 EPS for the current year.

About SUMCO

SUMCO Corporation is a Japan-based manufacturer of silicon wafers used in the production of semiconductor devices. The company supplies polished, epitaxial, annealed and other types of silicon wafers, with products primarily based on 300-millimeter, 200-millimeter and 150-millimeter wafer technologies.

Its wafers are used by semiconductor manufacturers to produce integrated circuits, memory chips, microprocessors, power semiconductors and other electronic components. SUMCO serves customers throughout the global semiconductor industry and operates manufacturing and sales activities in Japan and other major semiconductor markets, including Asia, North America and Europe.

SUMCO was established in 1999 as Silicon United Manufacturing Corporation through a joint venture involving Sumitomo Metal Industries and Mitsubishi Materials Corporation.