SUMCO (OTCMKTS:SUOPY) Sees Large Volume Increase – Here’s What Happened

Shares of SUMCO (OTCMKTS:SUOPY) saw an uptick in trading volume on Thursday . 42,459 shares were traded during mid-day trading, an increase of 460% from the previous session’s volume of 7,586 shares.The stock last traded at $50.65 and had previously closed at $47.14.

SUMCO Trading Down 0.2%

The company’s 50-day moving average is $49.54 and its 200-day moving average is $35.65. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 3.36. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of -48.01 and a beta of 1.52.

SUMCO (OTCMKTS:SUOPY) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.16) earnings per share for the quarter. SUMCO had a negative net margin of 6.60% and a negative return on equity of 4.18%. The company had revenue of $712.93 million during the quarter. On average, research analysts predict that SUMCO will post -0.62 earnings per share for the current year.

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.