SUMCO (OTCMKTS:SUOPY) Shares Climb 14.9% – Still a Buy?

SUMCO (OTCMKTS:SUOPY)’s stock price traded up 14.9% on Wednesday. The stock traded as high as $27.76 and last traded at $27.01. Approximately 13,692 shares traded hands during trading, an increase of 8% from the average session volume of 12,675 shares. The stock had previously closed at $23.50.

Analyst Ratings Changes

Separately, UBS Group raised shares of SUMCO to a “buy” rating in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

SUMCO Stock Up 0.2%

The company has a quick ratio of 1.53, a current ratio of 3.37 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $35.98 and a 200-day moving average price of $36.26.

SUMCO (OTCMKTS:SUOPY) last announced its earnings results on Wednesday, November 11th. The company reported ($0.16) EPS for the quarter. The company had revenue of $738.42 million for the quarter. SUMCO had a negative net margin of 4.21% and a negative return on equity of 4.31%. Equities analysts predict that SUMCO will post -0.62 earnings per share for the current year.

SUMCO Company Profile

SUMCO Corporation is a Japan-based manufacturer of silicon wafers, the foundational materials used to produce semiconductor devices. Its products include polished and epitaxial wafers supplied to semiconductor manufacturers for use in a range of applications. The company was established in 1999 as Sumitomo Mitsubishi Silicon Corporation through the combination of silicon wafer businesses associated with Sumitomo Metal Industries and Mitsubishi Materials. It adopted the SUMCO name in 2002. Headquartered in Japan, SUMCO serves semiconductor manufacturers around the world.