SUMCO (OTCMKTS:SUOPY) Shares Gap Down – Here’s What Happened

SUMCO (OTCMKTS:SUOPY) gapped down prior to trading on Tuesday . The stock had previously closed at $19.87, but opened at $18.57. SUMCO shares last traded at $18.57, with a volume of 4,100 shares trading hands.

Analyst Upgrades and Downgrades

SUOPY has been the topic of a number of analyst reports. Sanford C. Bernstein downgraded SUMCO from a “hold” rating to a “strong sell” rating in a research report on Friday, October 24th. Nomura Securities upgraded SUMCO to a “strong-buy” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, SUMCO currently has a consensus rating of “Moderate Buy”.

SUMCO Stock Performance

The company has a current ratio of 2.97, a quick ratio of 1.28 and a debt-to-equity ratio of 0.50. The company has a market cap of $3.25 billion, a P/E ratio of 47.62 and a beta of 1.23. The company has a 50 day moving average price of $20.43 and a 200-day moving average price of $16.90.

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.