SUMCO (OTCMKTS:SUOPY) Sets New 52-Week High - Time to Buy?

Key Points

• SUMCO reached a new 52-week high of $24.15 during trading, an increase from the previous close of $22.18, with a trading volume of 1001 shares.
• Analysts have issued a "strong-buy" rating for SUMCO, indicating a positive outlook, with one equities research analyst also providing this rating.
• The company has a market cap of $4.01 billion and a PE ratio of 58.72, reflecting its valuation and profitability measures.

SUMCO (OTCMKTS:SUOPY - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $24.15 and last traded at $24.15, with a volume of 1001 shares trading hands. The stock had previously closed at $22.18.

Analysts Set New Price Targets

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

SUMCO Trading Down 1.7%

The firm has a market cap of $4.01 billion, a PE ratio of 58.72 and a beta of 1.18. The company's fifty day moving average price is $19.17 and its two-hundred day moving average price is $15.98. The company has a quick ratio of 1.28, a current ratio of 2.97 and a debt-to-equity ratio of 0.50.

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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