SUMCO (OTCMKTS:SUOPY) Shares Gap Up - Still a Buy?

Key Points

• SUMCO shares gapped up from $19.28 to $20.50 before the market opened, indicating potential investor interest.
• The stock is currently up 11.3% and has a market capitalization of $3.76 billion with a P/E ratio of 55.00.
• SUMCO manufactures and sells silicon wafers for the semiconductor industry, servicing several major markets including Japan and the U.S.

SUMCO (OTCMKTS:SUOPY - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $19.28, but opened at $20.50. SUMCO shares last traded at $20.50, with a volume of 1,876 shares.

SUMCO Price Performance

The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 55.72 and a beta of 1.09. The stock's 50 day moving average price is $16.87 and its two-hundred day moving average price is $15.01. The company has a quick ratio of 1.28, a current ratio of 2.97 and a debt-to-equity ratio of 0.50.

SUMCO Company Profile

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.