Zacks Investment Research cut shares of SUMCO CORP/ADR (OTCMKTS:SUOPY) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

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. “

Several other equities research analysts also recently weighed in on SUOPY. Goldman Sachs Group downgraded shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a research note on Monday, June 10th. ValuEngine upgraded shares of SUMCO CORP/ADR from a sell rating to a hold rating in a research report on Thursday, August 1st.

Shares of SUOPY opened at $23.58 on Wednesday. SUMCO CORP/ADR has a fifty-two week low of $20.90 and a fifty-two week high of $37.07. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 8.36 and a beta of 2.15. The firm has a 50-day simple moving average of $24.89 and a 200-day simple moving average of $24.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.39 and a current ratio of 3.18.

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.

See Also: Buy-Side Analysts

Get a free copy of the Zacks research report on SUMCO CORP/ADR (SUOPY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for SUMCO CORP/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SUMCO CORP/ADR and related companies with MarketBeat.com's FREE daily email newsletter.