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

SUMCO (OTCMKTS:SUOPY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $52.01, but opened at $47.50. SUMCO shares last traded at $47.25, with a volume of 19,596 shares traded.

SUMCO Price Performance

The business’s 50 day moving average price is $49.67 and its 200-day moving average price is $35.98. 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 company has a market cap of $8.15 billion, a PE ratio of -45.27 and a beta of 1.53.

SUMCO (OTCMKTS:SUOPY) last announced 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. As a group, analysts forecast that SUMCO will post -0.62 earnings per share for the current year.

SUMCO Company Profile

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.