Shares of SUMCO (OTCMKTS:SUOPY – Get Free Report) saw unusually-high trading volume on Wednesday. Approximately 28,870 shares traded hands during mid-day trading, an increase of 181% from the previous session’s volume of 10,257 shares. The stock last traded at $32.61 and had previously closed at $33.62.
Wall Street Analyst Weigh In
Separately, UBS Group raised SUMCO to a “buy” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, SUMCO has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on SUMCO
SUMCO Stock Down 9.3%
The company has a quick ratio of 1.53, a current ratio of 3.37 and a debt-to-equity ratio of 0.50. The stock’s fifty day simple moving average is $40.89 and its 200 day simple moving average is $42.47.
SUMCO (OTCMKTS:SUOPY – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.16) EPS for the quarter. SUMCO had a negative net margin of 6.60% and a negative return on equity of 4.24%. The firm had revenue of $712.93 million for the quarter. On average, sell-side analysts anticipate that SUMCO will post -0.62 EPS for the current year.
SUMCO Company Profile
SUMCO Corporation is a Japan-based manufacturer of silicon wafers used in the production of semiconductor devices. The company supplies polished, epitaxial, annealed and other types of silicon wafers, with products primarily based on 300-millimeter, 200-millimeter and 150-millimeter wafer technologies.
Its wafers are used by semiconductor manufacturers to produce integrated circuits, memory chips, microprocessors, power semiconductors and other electronic components. SUMCO serves customers throughout the global semiconductor industry and operates manufacturing and sales activities in Japan and other major semiconductor markets, including Asia, North America and Europe.
SUMCO was established in 1999 as Silicon United Manufacturing Corporation through a joint venture involving Sumitomo Metal Industries and Mitsubishi Materials Corporation.
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