SUMCO (OTCMKTS:SUOPY) Hits New 52-Week High – What’s Next?

SUMCO (OTCMKTS:SUOPY) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $34.25 and last traded at $34.20, with a volume of 2031 shares changing hands. The stock had previously closed at $32.30.

SUMCO Stock Up 19.3%

The stock’s fifty day moving average price is $24.48 and its 200 day moving average price is $20.96. The company has a current ratio of 3.21, a quick ratio of 1.33 and a debt-to-equity ratio of 0.48. The stock has a market cap of $8.12 billion, a P/E ratio of -103.16 and a beta of 1.35.

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