Zacks Investment Research upgraded shares of Sumco Corporation (NASDAQ:SUOPY) from a hold rating to a strong-buy rating in a research note released on Friday. They currently have $36.00 price target on the stock.
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. “
Sumco Corporation (SUOPY) opened at 31.67 on Friday. The company has a 50 day moving average of $30.50 and a 200-day moving average of $32.20. Sumco Corporation has a one year low of $17.22 and a one year high of $35.62. The stock has a market capitalization of $4.64 billion and a P/E ratio of 36.15.
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