SUMCO (OTCMKTS:SUOPY) Sees Strong Trading Volume – Still a Buy?

SUMCO (OTCMKTS:SUOPY) shares saw strong trading volume on Tuesday. 20,134 shares were traded during trading, an increase of 61% from the average daily volume of 12,505 shares. The stock last traded at $23.83 and had previously closed at $24.05.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded SUMCO to a “buy” rating in a report on Tuesday, September 29th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

SUMCO Stock Performance

The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of -22.99 and a beta of 1.63. The stock’s 50 day moving average is $36.86 and its 200 day moving average is $36.18. The company has a current ratio of 3.37, a quick ratio of 1.53 and a debt-to-equity ratio of 0.50.

About SUMCO

SUMCO Corporation is a Japan-based manufacturer of silicon wafers, the foundational materials used to produce semiconductor devices. Its products include polished and epitaxial wafers supplied to semiconductor manufacturers for use in a range of applications. The company was established in 1999 as Sumitomo Mitsubishi Silicon Corporation through the combination of silicon wafer businesses associated with Sumitomo Metal Industries and Mitsubishi Materials. It adopted the SUMCO name in 2002. Headquartered in Japan, SUMCO serves semiconductor manufacturers around the world.