SUMCO (OTCMKTS:SUOPY) Stock Jumps 5.4% – Still a Buy?
by Mitch Edgeman · The Markets DailySUMCO (OTCMKTS:SUOPY – Get Free Report) rose 5.4% on Tuesday. The company traded as high as $41.31 and last traded at $41.31. Approximately 4,618 shares changed hands during trading, a decline of 53% from the average daily volume of 9,737 shares. The stock had previously closed at $39.19.
Analysts Set New Price Targets
Separately, UBS Group upgraded SUMCO to a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, SUMCO presently has an average rating of “Moderate Buy”.
View Our Latest Stock Analysis on SUOPY
SUMCO Trading Up 3.0%
The stock has a market capitalization of $7.06 billion, a P/E ratio of -39.17 and a beta of 1.56. The company has a current ratio of 3.37, a quick ratio of 1.53 and a debt-to-equity ratio of 0.50. The stock’s fifty day moving average price is $42.43 and its two-hundred day moving average price is $40.15.
SUMCO (OTCMKTS:SUOPY – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.16) EPS for the quarter. The business had revenue of $712.93 million for the quarter. SUMCO had a negative net margin of 6.60% and a negative return on equity of 4.24%. Equities research analysts forecast that SUMCO will post -0.62 EPS for the current year.
SUMCO Company Profile
SUMCO Corporation is a Japan-based manufacturer of semiconductor silicon wafers. The company supplies highly engineered silicon substrates used by semiconductor manufacturers to produce integrated circuits and other electronic components.
Its product portfolio includes polished silicon wafers, epitaxial wafers and other wafer products in a range of sizes and specifications, including large-diameter wafers used in advanced semiconductor manufacturing. SUMCO also provides wafer-related technical support and manufacturing services tailored to customer process requirements.
The company was formed through the integration of silicon-wafer operations formerly associated with Sumitomo Metal Industries and Mitsubishi Materials, and adopted the SUMCO name in 2002.