SUMCO (OTCMKTS:SUOPY) Sees Large Volume Increase – Still a Buy?

SUMCO (OTCMKTS:SUOPY) shares saw strong trading volume on Wednesday . 11,364 shares traded hands during trading, an increase of 391% from the previous session’s volume of 2,314 shares.The stock last traded at $21.8010 and had previously closed at $21.54.

Analysts Set New Price Targets

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

SUMCO Stock Up 1.2%

The firm has a market capitalization of $3.81 billion, a PE ratio of -48.45 and a beta of 1.06. The firm’s 50-day moving average is $20.25 and its 200 day moving average is $19.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 3.11.

SUMCO (OTCMKTS:SUOPY) last announced its quarterly earnings results on Tuesday, February 10th. The company reported ($0.40) earnings per share (EPS) for the quarter. The business had revenue of $683.19 million during the quarter. SUMCO had a negative net margin of 2.82% and a negative return on equity of 1.75%.

SUMCO Company Profile

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.