SUMCO (OTCMKTS:SUOPY) Shares Gap Down – Here’s What Happened

SUMCO (OTCMKTS:SUOPY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $49.40, but opened at $46.5050. SUMCO shares last traded at $46.4250, with a volume of 814 shares traded.

SUMCO Stock Down 5.3%

The firm has a market capitalization of $8.18 billion, a PE ratio of -53.77 and a beta of 1.50. The business’s fifty day moving average price is $49.84 and its 200 day moving average price is $32.68. The company has a quick ratio of 1.51, a current ratio of 3.36 and a debt-to-equity ratio of 0.52.

SUMCO Company Profile

SUMCO Corporation (OTCMKTS: SUOPY) is a premier global supplier of silicon wafers, a foundational material used in the fabrication of semiconductor devices. The company specializes in producing single-crystal silicon wafers in diameters ranging from 150 mm to 300 mm, serving high-performance applications in memory, logic, power devices and discrete components. In addition to its core wafer business, SUMCO offers epitaxial wafers and specialty silicon products designed to meet the exacting requirements of next-generation semiconductor nodes and power electronics.

Founded in 1975 as a spin-off from Mitsubishi Silicon, SUMCO has grown through strategic investments in research and development to advance wafer quality, diameter scaling and defect reduction.