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

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

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

SUMCO Trading Up 3.4%

SUMCO stock opened at $22.44 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.97 and a quick ratio of 1.28. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 57.54 and a beta of 1.18. SUMCO has a one year low of $10.29 and a one year high of $24.15. The company’s fifty day moving average price is $19.51 and its two-hundred day moving average price is $16.18.

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.