SUMCO CORP/ADR (OTCMKTS:SUOPY) Given Average Rating of “Buy” by Brokerages

Shares of SUMCO CORP/ADR (OTCMKTS:SUOPY) have received an average recommendation of “Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company.

SUOPY has been the topic of a number of research reports. Zacks Investment Research lowered shares of SUMCO CORP/ADR from a “hold” rating to a “strong sell” rating in a research note on Thursday. Citigroup initiated coverage on shares of SUMCO CORP/ADR in a research note on Friday, July 17th. They issued a “buy” rating on the stock. Goldman Sachs Group initiated coverage on shares of SUMCO CORP/ADR in a research note on Friday, July 17th. They issued a “conviction-buy” rating on the stock. Finally, ValuEngine upgraded SUMCO CORP/ADR from a “sell” rating to a “hold” rating in a report on Monday, August 3rd.

SUOPY stock opened at $27.00 on Thursday. The firm has a market cap of $3.93 billion, a P/E ratio of 15.88 and a beta of 1.54. SUMCO CORP/ADR has a 52-week low of $19.61 and a 52-week high of $35.45. The company’s 50-day simple moving average is $28.03 and its 200-day simple moving average is $28.70. The company has a quick ratio of 1.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.31.

SUMCO CORP/ADR (OTCMKTS:SUOPY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.53 earnings per share for the quarter. The firm had revenue of $696.40 million for the quarter, compared to analyst estimates of $674.07 million. SUMCO CORP/ADR had a net margin of 9.29% and a return on equity of 7.99%. On average, analysts anticipate that SUMCO CORP/ADR will post 1.85 earnings per share for the current fiscal year.

About SUMCO CORP/ADR

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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Analyst Recommendations for SUMCO CORP/ADR (OTCMKTS:SUOPY)

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