SUMCO (OTCMKTS:SUOPY) Upgraded to “Hold” at Sanford C. Bernstein

SUMCO (OTCMKTS:SUOPY) was upgraded by investment analysts at Sanford C. Bernstein from a “strong sell” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

Separately, Nomura Securities upgraded SUMCO to a “strong-buy” rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

SUMCO Stock Performance

Shares of OTCMKTS SUOPY remained flat at $16.02 during trading hours on Friday. 171 shares of the company traded hands, compared to its average volume of 4,796. The firm has a fifty day moving average of $20.43 and a two-hundred day moving average of $16.93. The firm has a market cap of $2.80 billion, a P/E ratio of 41.07 and a beta of 1.23. The company has a current ratio of 2.97, a quick ratio of 1.28 and a debt-to-equity ratio of 0.50. SUMCO has a twelve month low of $10.29 and a twelve month high of $24.15.

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.