SUMCO (OTCMKTS:SUOPY) Shares Down 9.6% – Time to Sell?

SUMCO (OTCMKTS:SUOPY) was down 9.6% during mid-day trading on Monday. The stock traded as low as $28.8350 and last traded at $28.8350. 586 shares traded hands during trading, a decline of 95% from the average daily volume of 11,256 shares. The stock had previously closed at $31.90.

Analyst Upgrades and Downgrades

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

SUMCO Stock Up 0.8%

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.53 and a current ratio of 3.37. The stock’s fifty day moving average price is $38.40 and its two-hundred day moving average price is $36.11.

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

SUMCO Company Profile

SUMCO Corporation is a Japan-based manufacturer of silicon wafers used in the production of semiconductor devices. The company supplies polished, epitaxial, annealed and other types of silicon wafers, with products primarily based on 300-millimeter, 200-millimeter and 150-millimeter wafer technologies.

Its wafers are used by semiconductor manufacturers to produce integrated circuits, memory chips, microprocessors, power semiconductors and other electronic components. SUMCO serves customers throughout the global semiconductor industry and operates manufacturing and sales activities in Japan and other major semiconductor markets, including Asia, North America and Europe.

SUMCO was established in 1999 as Silicon United Manufacturing Corporation through a joint venture involving Sumitomo Metal Industries and Mitsubishi Materials Corporation.