SUMCO (OTCMKTS:SUOPY) Sees Unusually-High Trading Volume – Here’s Why

SUMCO (OTCMKTS:SUOPY) saw strong trading volume on Friday . 16,183 shares changed hands during mid-day trading, an increase of 345% from the previous session’s volume of 3,636 shares.The stock last traded at $22.39 and had previously closed at $21.70.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Nomura Securities raised SUMCO to a “strong-buy” rating in a research note on Monday, September 29th. Sanford C. Bernstein cut SUMCO from a “hold” rating to a “strong sell” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

SUMCO Stock Performance

The stock has a market capitalization of $3.93 billion, a P/E ratio of 57.54 and a beta of 1.18. The company has a quick ratio of 1.28, a current ratio of 2.97 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average price of $19.51 and a 200-day moving average price of $16.21.

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.