SUMCO (OTCMKTS:SUOPY) Shares Gap Down – Time to Sell?

SUMCO (OTCMKTS:SUOPY)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $42.6548, but opened at $40.40. SUMCO shares last traded at $40.40, with a volume of 275 shares traded.

Analysts Set New Price Targets

Separately, UBS Group raised SUMCO to a “buy” rating in a research report on Tuesday, September 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

SUMCO Stock Up 0.7%

The stock’s fifty day moving average price is $42.57 and its 200-day moving average price is $41.91. The company has a quick ratio of 1.53, a current ratio of 3.37 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of -38.96 and a beta of 1.55.

SUMCO (OTCMKTS:SUOPY) last announced its earnings results on Thursday, August 6th. The company reported ($0.16) EPS for the quarter. The business had revenue of $712.93 million for the quarter. SUMCO had a negative return on equity of 4.24% and a negative net margin of 6.60%. On average, sell-side analysts predict that SUMCO will post -0.62 earnings per share for the current fiscal year.

SUMCO Company Profile

SUMCO Corporation is a Japan-based manufacturer of semiconductor silicon wafers, which serve as the foundational substrates for producing integrated circuits and other semiconductor devices. The company supplies wafer products to semiconductor manufacturers and supports applications across computing, communications, consumer electronics, automotive systems and industrial equipment.

Its product portfolio includes polished silicon wafers, epitaxial wafers and other specialty wafer products, with manufacturing capabilities covering commonly used wafer diameters such as 200 millimeters and 300 millimeters.