Sumco (OTCMKTS:SUMCF) Shares Down 2% – What’s Next?

Sumco Co. (OTCMKTS:SUMCF) shares fell 2% on Wednesday . The company traded as low as $7.31 and last traded at $7.86. 9,206 shares traded hands during mid-day trading, an increase of 47% from the average session volume of 6,265 shares. The stock had previously closed at $8.02.

Sumco Price Performance

The business’s 50-day simple moving average is $7.65 and its two-hundred day simple moving average is $10.10.

About Sumco

Sumco Corporation manufactures and sells silicon wafers for the semiconductor industry in Japan, the United States, China, Taiwan, Korea, and internationally. It provides monocrystalline ingots, as well as polished, annealed, epitaxial, junction isolated, silicon-on-insulator, and reclaimed polished wafers.