SUMCO (OTCMKTS:SUOPY) Trading Down 6.2% – Here’s What Happened

SUMCO (OTCMKTS:SUOPY)’s stock price traded down 6.2% during trading on Wednesday . The company traded as low as $21.75 and last traded at $21.75. 100 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 3,669 shares. The stock had previously closed at $23.1875.

SUMCO Stock Performance

The business’s 50 day simple moving average is $21.21 and its two-hundred day simple moving average is $19.88. The firm has a market capitalization of $3.81 billion, a PE ratio of -48.47 and a beta of 1.08. The company has a current ratio of 3.21, a quick ratio of 1.33 and a debt-to-equity ratio of 0.48.

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