SUMCO (OTCMKTS:SUOPY) Trading Down 9.3% – Should You Sell?

SUMCO (OTCMKTS:SUOPY)’s share price traded down 9.3% during trading on Wednesday . The company traded as low as $14.5525 and last traded at $14.5525. 670 shares traded hands during trading, a decline of 81% from the average session volume of 3,575 shares. The stock had previously closed at $16.04.

Analyst Ratings Changes

A number of brokerages have issued reports on SUOPY. Nomura Securities upgraded SUMCO to a “strong-buy” rating in a research note on Monday, September 29th. Sanford C. Bernstein raised shares of SUMCO from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, SUMCO has an average rating of “Buy”.

SUMCO Trading Up 0.0%

The company has a market cap of $2.58 billion, a P/E ratio of 163.72 and a beta of 1.23. The company has a quick ratio of 1.28, a current ratio of 2.97 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average price is $20.30 and its 200-day moving average price is $16.98.

SUMCO Company Profile

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.