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

SUMCO (OTCMKTS:SUOPY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $44.46, but opened at $42.69. SUMCO shares last traded at $43.2150, with a volume of 1,136 shares.

SUMCO Price Performance

The stock has a 50 day moving average of $49.44 and a two-hundred day moving average of $36.98. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 3.36. The firm has a market capitalization of $7.47 billion, a P/E ratio of -41.48 and a beta of 1.52.

SUMCO (OTCMKTS:SUOPY) last announced its earnings results on Thursday, August 6th. The company reported ($0.16) earnings per share (EPS) for the quarter. SUMCO had a negative return on equity of 4.18% and a negative net margin of 6.60%.The company had revenue of $712.93 million for the quarter. Sell-side analysts predict that SUMCO will post -0.62 earnings per share for the current fiscal year.

About SUMCO

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.