SUMCO (OTCMKTS:SUOPY) Shares Gap Down - Here's What Happened

Key Points

• SUMCO shares experienced a significant gap down, opening at $21.82 after closing at $23.58, with a trading volume of 32,124 shares.
• Nomura Securities upgraded SUMCO to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" among analysts.
• The company has a market capitalization of $3.82 billion, a P/E ratio of 55.95, and a debt-to-equity ratio of 0.50.

Shares of SUMCO (OTCMKTS:SUOPY - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $23.58, but opened at $21.82. SUMCO shares last traded at $21.82, with a volume of 32,124 shares changing hands.

Wall Street Analyst Weigh In

Separately, Nomura Securities upgraded shares of SUMCO to a "strong-buy" rating in a report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Strong Buy".

SUMCO Trading Down 7.5%

The firm's 50-day moving average price is $18.82 and its 200-day moving average price is $15.76. 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 company has a market cap of $3.82 billion, a P/E ratio of 55.95 and a beta of 1.18.

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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