SUMCO (OTCMKTS:SUOPY) Shares Gap Up – Time to Buy?

SUMCO (OTCMKTS:SUOPY) gapped up before the market opened on Monday. The stock had previously closed at $21.8620, but opened at $23.43. SUMCO shares last traded at $23.23, with a volume of 7,596 shares.

Analyst Ratings Changes

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

SUMCO Trading Up 1.8%

The business has a fifty day moving average price of $37.25 and a two-hundred day moving average price of $36.17. The company has a current ratio of 3.37, a quick ratio of 1.53 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $4.11 billion, a PE ratio of -22.82 and a beta of 1.63.

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

About SUMCO