Sumco (OTCMKTS:SUMCF) Stock Price Up 12.4% – Here’s Why

Sumco Co. (OTCMKTS:SUMCF)’s share price shot up 12.4% during trading on Friday . The company traded as high as $12.00 and last traded at $11.92. 3,387 shares were traded during mid-day trading, a decline of 31% from the average session volume of 4,876 shares. The stock had previously closed at $10.61.

Sumco Stock Up 12.4%

The business’s fifty day simple moving average is $9.04 and its 200 day simple moving average is $7.82.

About Sumco

Sumco Corporation manufactures and sells silicon wafers for the semiconductor industry in Japan, the United States, China, Taiwan, Korea, and internationally. It provides monocrystalline ingots, as well as polished, annealed, epitaxial, junction isolated, silicon-on-insulator, and reclaimed polished wafers.