Sumco (SUOPY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Sumco (OTCMKTS:SUOPY) from a hold rating to a buy rating in a research note released on Wednesday morning. Zacks Investment Research currently has $56.00 price objective 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. “

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

Sumco (OTCMKTS:SUOPY) opened at $47.06 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.13 and a quick ratio of 1.21. Sumco has a 52-week low of $24.49 and a 52-week high of $55.26. The firm has a market cap of $6,901.02, a P/E ratio of 61.92 and a beta of 4.87.

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Sumco 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 offers monocrystalline ingots, polished wafers, annealed wafers, epitaxial wafers, junction isolated wafers, silicon-on-insulator wafers, and reclaimed polished wafers.

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