Citigroup Upgrades SUMCO CORP/ADR (OTCMKTS:SUOPY) to Buy

Citigroup upgraded shares of SUMCO CORP/ADR (OTCMKTS:SUOPY) from a neutral rating to a buy rating in a report published on Thursday, The Fly reports.

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered SUMCO CORP/ADR from a hold rating to a strong sell rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. raised SUMCO CORP/ADR from a neutral rating to an overweight rating in a research report on Tuesday, October 1st. Finally, ValuEngine raised SUMCO CORP/ADR from a sell rating to a hold rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $26.00.

OTCMKTS:SUOPY traded down $2.32 during mid-day trading on Thursday, reaching $33.13. The company’s stock had a trading volume of 300 shares, compared to its average volume of 250. The company’s fifty day simple moving average is $27.62 and its two-hundred day simple moving average is $25.11. The stock has a market cap of $5.02 billion, a P/E ratio of 9.15 and a beta of 2.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.48 and a quick ratio of 1.49. SUMCO CORP/ADR has a twelve month low of $20.90 and a twelve month high of $35.45.

SUMCO CORP/ADR Company Profile

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

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