SUMCO (OTCMKTS:SUOPY) Shares Gap Up – What’s Next?

Shares of SUMCO (OTCMKTS:SUOPY) gapped up prior to trading on Friday . The stock had previously closed at $39.89, but opened at $41.42. SUMCO shares last traded at $41.42, with a volume of 769 shares changing hands.

SUMCO Stock Up 2.3%

The firm has a market cap of $7.33 billion, a PE ratio of -40.72 and a beta of 1.56. The company has a quick ratio of 1.51, a current ratio of 3.36 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $48.21 and a two-hundred day moving average price of $38.00.

SUMCO (OTCMKTS:SUOPY) last issued its earnings results on Thursday, August 6th. The company reported ($0.16) earnings per share for the quarter. SUMCO had a negative net margin of 6.60% and a negative return on equity of 4.18%. The firm had revenue of $712.93 million during the quarter. On average, equities research analysts expect 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.