SUMCO (OTCMKTS:SUOPY) Cut to “Strong Sell” at Sanford C. Bernstein

SUMCO (OTCMKTS:SUOPY) was downgraded by research analysts at Sanford C. Bernstein from a “hold” rating to a “strong sell” rating in a research note issued to investors on Friday,Zacks.com reports.

Separately, Nomura Securities upgraded SUMCO to a “strong-buy” rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, SUMCO has an average rating of “Moderate Buy”.

SUMCO Price Performance

SUOPY opened at $22.44 on Friday. The stock has a fifty day moving average of $19.51 and a 200-day moving average of $16.18. The firm has a market capitalization of $3.93 billion, a P/E ratio of 57.54 and a beta of 1.18. SUMCO has a 12-month low of $10.29 and a 12-month high of $24.15. The company has a quick ratio of 1.28, a current ratio of 2.97 and a debt-to-equity ratio of 0.50.

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.