SUMCO (OTCMKTS:SUOPY) Rating Increased to Strong-Buy at Nomura Securities

Nomura Securities upgraded shares of SUMCO (OTCMKTS:SUOPY) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

SUMCO Trading Up 4.0%

Shares of SUOPY stock opened at $20.52 on Monday. The company’s 50-day moving average price is $17.56 and its 200-day moving average price is $15.28. 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 stock has a market cap of $3.59 billion, a price-to-earnings ratio of 52.62 and a beta of 1.09. SUMCO has a twelve month low of $10.29 and a twelve month high of $22.57.

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.