SUMCO (OTCMKTS:SUOPY) Issues Earnings Results

SUMCO (OTCMKTS:SUOPY) released its earnings results on Thursday. The company reported ($0.16) earnings per share for the quarter, Zacks reports. SUMCO had a negative net margin of 5.57% and a negative return on equity of 3.48%.

SUMCO Trading Down 11.2%

SUOPY stock traded down $5.30 during midday trading on Thursday, hitting $42.00. The stock had a trading volume of 27,417 shares, compared to its average volume of 14,907. The firm has a market cap of $7.34 billion, a P/E ratio of -48.28 and a beta of 1.52. The company has a current ratio of 3.36, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. SUMCO has a 1-year low of $14.55 and a 1-year high of $69.37. The business has a fifty day moving average price of $50.31 and a two-hundred day moving average price of $34.66.

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.