SUMCO (OTCMKTS:SUOPY) Issues Earnings Results

SUMCO (OTCMKTS:SUOPY) issued its quarterly earnings data on Wednesday. The company reported ($0.16) earnings per share (EPS) for the quarter, Zacks reports. SUMCO had a negative net margin of 4.21% and a negative return on equity of 4.31%. The business had revenue of $738.42 million during the quarter.

SUMCO Trading Down 2.4%

Shares of OTCMKTS:SUOPY traded down $0.65 during trading on Friday, reaching $26.41. The stock had a trading volume of 357 shares, compared to its average volume of 12,971. The firm’s fifty day moving average is $35.98 and its 200 day moving average is $36.26. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.53 and a current ratio of 3.37. SUMCO has a 52 week low of $14.55 and a 52 week high of $69.37. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of -39.43 and a beta of 1.63.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of SUMCO to a “buy” rating in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About SUMCO

SUMCO Corporation is a Japan-based manufacturer of silicon wafers, the foundational materials used to produce semiconductor devices. Its products include polished and epitaxial wafers supplied to semiconductor manufacturers for use in a range of applications. The company was established in 1999 as Sumitomo Mitsubishi Silicon Corporation through the combination of silicon wafer businesses associated with Sumitomo Metal Industries and Mitsubishi Materials. It adopted the SUMCO name in 2002. Headquartered in Japan, SUMCO serves semiconductor manufacturers around the world.