SUMCO (OTCMKTS:SUOPY) Stock Jumps 5.4% – Should You Buy?

SUMCO (OTCMKTS:SUOPY) shares rose 5.4% during mid-day trading on Tuesday. The company traded as high as $41.31 and last traded at $41.31. 4,618 shares were traded during trading, a decline of 53% from the average session volume of 9,737 shares. The stock had previously closed at $39.19.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded SUMCO to a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, SUMCO currently has a consensus rating of “Moderate Buy”.

SUMCO Stock Performance

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 has a market cap of $7.37 billion, a P/E ratio of -40.91 and a beta of 1.56. The firm’s 50-day moving average is $42.16 and its two-hundred day moving average is $40.43.

SUMCO (OTCMKTS:SUOPY) last posted its earnings results on Thursday, August 6th. The company reported ($0.16) EPS for the quarter. The business had revenue of $712.93 million during the quarter. SUMCO had a negative return on equity of 4.24% and a negative net margin of 6.60%. As a group, research analysts expect that SUMCO will post -0.62 EPS for the current year.

About SUMCO

SUMCO Corporation is a Japan-based manufacturer of semiconductor silicon wafers, which serve as the foundational substrates for producing integrated circuits and other semiconductor devices. The company supplies wafer products to semiconductor manufacturers and supports applications across computing, communications, consumer electronics, automotive systems and industrial equipment.

Its product portfolio includes polished silicon wafers, epitaxial wafers and other specialty wafer products, with manufacturing capabilities covering commonly used wafer diameters such as 200 millimeters and 300 millimeters.