SUMCO (OTCMKTS:SUOPY) Shares Gap Down – What’s Next?
by Teresa Graham · The Cerbat GemSUMCO (OTCMKTS:SUOPY – Get Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $29.00, but opened at $27.05. SUMCO shares last traded at $26.66, with a volume of 1,139 shares trading hands.
SUMCO Price Performance
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 stock has a market cap of $4.90 billion, a price-to-earnings ratio of -62.22 and a beta of 1.08. The business’s 50-day simple moving average is $22.16 and its two-hundred day simple moving average is $20.20.
SUMCO (OTCMKTS:SUOPY – Get Free Report) last issued its earnings results on Tuesday, February 10th. The company reported ($0.40) earnings per share for the quarter. SUMCO had a negative net margin of 2.82% and a negative return on equity of 1.76%. The company had revenue of $683.19 million during the quarter.
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.