SUMCO (OTCMKTS:SUOPY) Shares Gap Up – Here’s What Happened

SUMCO (OTCMKTS:SUOPY)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $39.19, but opened at $42.70. SUMCO shares last traded at $42.6250, with a volume of 3,036 shares.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of SUMCO to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, SUMCO has a consensus rating of “Moderate Buy”.

SUMCO Trading Up 4.7%

The business has a 50 day moving average of $42.25 and a two-hundred day moving average of $40.28. The company has a current ratio of 3.37, a quick ratio of 1.53 and a debt-to-equity ratio of 0.50. The firm has a market cap of $7.43 billion, a P/E ratio of -41.27 and a beta of 1.56.

SUMCO (OTCMKTS:SUOPY) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.16) EPS for the quarter. SUMCO had a negative return on equity of 4.24% and a negative net margin of 6.60%.The company had revenue of $712.93 million for the quarter. Analysts predict that SUMCO will post -0.62 earnings per share for the current year.

SUMCO Company Profile

SUMCO Corporation is a Japan-based manufacturer of semiconductor silicon wafers, which serve as the foundational substrates for producing integrated circuits and other semiconductor devices. The company supplies wafer products to semiconductor manufacturers and supports applications across computing, communications, consumer electronics, automotive systems and industrial equipment.

Its product portfolio includes polished silicon wafers, epitaxial wafers and other specialty wafer products, with manufacturing capabilities covering commonly used wafer diameters such as 200 millimeters and 300 millimeters.