SUMCO (OTCMKTS:SUOPY) Trading Down 1.7% - Here's What Happened

Key Points

• SUMCO shares fell 1.7% to close at $22.90, with a trading volume decline of 36% compared to the average session.
• Nomura Securities upgraded SUMCO to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" from analysts.
• The company has a market capitalization of $4.01 billion, with a PE ratio of 58.72, indicating strong growth potential in the semiconductor industry.

SUMCO (OTCMKTS:SUOPY - Get Free Report) shares fell 1.7% on Wednesday . The company traded as low as $22.78 and last traded at $22.90. 3,002 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 4,718 shares. The stock had previously closed at $23.30.

Analyst Ratings Changes

Separately, Nomura Securities upgraded 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, Based on data from MarketBeat, the company has a consensus rating of "Strong Buy".

SUMCO Price Performance

The stock has a market cap of $4.01 billion, a PE ratio of 58.72 and a beta of 1.18. 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's fifty day moving average is $19.29 and its 200 day moving average is $16.03.

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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