SUMCO (OTCMKTS:SUOPY) Hits New 12-Month High - Should You Buy?

Key Points

• SUMCO's stock price reached a new 52-week high of $22.27 during trading, with a volume of 108 shares exchanged.
• Analysts have upgraded SUMCO to a "strong-buy" rating, contributing to an overall average rating of "Strong Buy" for the stock.
• SUMCO Corporation specializes in manufacturing silicon wafers for the semiconductor industry and holds a market capitalization of $3.90 billion.

SUMCO (OTCMKTS:SUOPY - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $22.27 and last traded at $22.27, with a volume of 108 shares traded. The stock had previously closed at $21.73.

Analysts Set New Price Targets

Separately, Nomura Securities raised shares of SUMCO to a "strong-buy" rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Strong Buy".

SUMCO Price Performance

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 firm has a market capitalization of $3.90 billion, a PE ratio of 57.10 and a beta of 1.18. The firm's fifty day simple moving average is $18.55 and its 200-day simple moving average is $15.65.

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.

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