SUMCO (OTCMKTS:SUOPY) Trading Down 12.9% – Time to Sell?

Shares of SUMCO (OTCMKTS:SUOPY) fell 12.9% during trading on Wednesday . The stock traded as low as $16.17 and last traded at $16.17. 124 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 3,656 shares. The stock had previously closed at $18.57.

Analysts Set New Price Targets

SUOPY has been the topic of a number of research analyst reports. Sanford C. Bernstein downgraded SUMCO from a “hold” rating to a “strong sell” rating in a research report on Friday, October 24th. Nomura Securities raised shares of SUMCO to a “strong-buy” rating in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

SUMCO Stock Performance

The stock has a market capitalization of $2.80 billion, a PE ratio of 41.03 and a beta of 1.23. The business’s 50 day moving average is $20.48 and its 200 day moving average is $16.93. The company has a current ratio of 2.97, a quick ratio of 1.28 and a debt-to-equity ratio of 0.50.

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.