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

SUMCO (OTCMKTS:SUOPY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $43.40, but opened at $40.19. SUMCO shares last traded at $40.19, with a volume of 23,103 shares trading hands.

SUMCO Stock Performance

The company has a market cap of $6.98 billion, a price-to-earnings ratio of -38.73 and a beta of 1.56. The firm has a 50-day moving average price of $48.32 and a 200 day moving average price of $37.85. The company has a current ratio of 3.36, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52.

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