SUMCO (OTCMKTS:SUOPY) Sees Large Volume Increase – Should You Buy?

Shares of SUMCO (OTCMKTS:SUOPY) saw unusually-high trading volume on Wednesday. 28,870 shares changed 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.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded SUMCO to a “buy” rating in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

SUMCO Stock Up 3.4%

The company has a market cap of $5.82 billion, a P/E ratio of -32.32 and a beta of 1.55. The stock has a 50-day moving average of $41.56 and a 200 day moving average of $42.33. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.37 and a quick ratio of 1.53.

SUMCO (OTCMKTS:SUOPY) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.16) earnings per share for the quarter. The firm had revenue of $712.93 million for the quarter. SUMCO had a negative return on equity of 4.24% and a negative net margin of 6.60%. Research analysts anticipate that SUMCO will post -0.62 earnings per share for the current year.

About SUMCO

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.