Sumco (OTCMKTS:SUOPY) Downgraded to Hold at Zacks Investment Research

Sumco (OTCMKTS:SUOPY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday, January 30th.

According to Zacks, “Sumco Corporation manufactures and sells silicon wafers for the semiconductor industry. It offers monocrystalline ingots, polished wafers, annealed wafers, epitaxial wafers, junction isolated wafers, silicon-on-insulator wafers, and reclaimed polished wafers. The company operates primarily in Japan, North America, Asia and Europe. Sumco Corporation is headquartered in Tokyo, Japan. “

Separately, ValuEngine cut shares of Sumco from a “buy” rating to a “hold” rating in a report on Thursday, November 30th.

Shares of Sumco (OTCMKTS:SUOPY) traded up $0.58 during trading hours on Tuesday, reaching $53.56. The company had a trading volume of 400 shares, compared to its average volume of 1,627. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 3.48. The company has a market capitalization of $7,854.20, a PE ratio of 47.82 and a beta of 2.69. Sumco has a 1 year low of $28.43 and a 1 year high of $57.72.

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About Sumco

SUMCO Corporation, together with its subsidiaries, manufactures and sells silicon wafers for the semiconductor industry in Japan, North America, Asia, and Europe. It offers monocrystalline ingots, polished wafers, annealed wafers, epitaxial wafers, junction isolated wafers, silicon-on-insulator wafers, and reclaimed polished wafers.

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