SUMCO (OTCMKTS:SUOPY) Stock Falls 9.4% – Here’s What Happened

SUMCO (OTCMKTS:SUOPY)’s stock price traded down 9.4% during mid-day trading on Tuesday. The stock traded as low as $39.4050 and last traded at $39.4050. Approximately 1,864 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 10,008 shares. The stock had previously closed at $43.49.

Analyst Ratings Changes

Separately, UBS Group raised SUMCO to a “buy” rating in a report on Tuesday, September 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

SUMCO Price Performance

The business has a 50 day simple moving average of $42.38 and a 200-day simple moving average of $42.02. 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 (OTCMKTS:SUOPY) last announced 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 4.24%. The firm had revenue of $712.93 million during the quarter. Equities research analysts forecast that SUMCO will post -0.62 earnings per share for the current year.

About SUMCO

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.