SUMCO (OTCMKTS:SUOPY) Reaches New 1-Year High – Should You Buy?

Shares of SUMCO (OTCMKTS:SUOPY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $29.5404 and last traded at $29.00, with a volume of 2442 shares changing hands. The stock had previously closed at $28.50.

SUMCO Trading Up 9.9%

The firm has a market cap of $5.44 billion, a price-to-earnings ratio of -69.17 and a beta of 1.08. 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 firm’s fifty day moving average is $23.62 and its 200-day moving average is $20.69.

SUMCO (OTCMKTS:SUOPY) last released its earnings results on Tuesday, February 10th. The company reported ($0.40) earnings per share (EPS) for the quarter. The firm had revenue of $683.19 million during the quarter. SUMCO had a negative net margin of 2.82% and a negative return on equity of 1.76%. Equities analysts anticipate that SUMCO will post -0.62 earnings per share for the current year.

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.