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

SUMCO (OTCMKTS:SUOPY) gapped down before the market opened on Monday . The stock had previously closed at $21.86, but opened at $19.4040. SUMCO shares last traded at $19.4040, with a volume of 1,345 shares.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded shares of SUMCO from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy”.

SUMCO Trading Up 5.3%

The company has a market cap of $3.75 billion, a price-to-earnings ratio of -47.60 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.21 and a quick ratio of 1.33. The business’s 50-day simple moving average is $20.59 and its 200-day simple moving average is $19.37.

SUMCO (OTCMKTS:SUOPY) last released its quarterly earnings results on Tuesday, February 10th. The company reported ($0.40) EPS for the quarter. SUMCO had a negative net margin of 2.82% and a negative return on equity of 1.76%. The business had revenue of $683.19 million during the quarter.

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.