SUMCO (OTCMKTS:SUOPY) Trading Down 10.2% – Here’s Why

SUMCO (OTCMKTS:SUOPY) was down 10.2% during trading on Friday . The stock traded as low as $39.25 and last traded at $39.25. Approximately 4,061 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 4,983 shares. The stock had previously closed at $43.70.

SUMCO Stock Performance

The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of -87.89 and a beta of 1.35. The stock’s fifty day moving average is $26.59 and its two-hundred day moving average is $21.70. The company has a quick ratio of 1.33, a current ratio of 3.21 and a debt-to-equity ratio of 0.48.

SUMCO (OTCMKTS:SUOPY) last announced its quarterly earnings results on Tuesday, February 10th. The company reported ($0.40) EPS for the quarter. SUMCO had a negative net margin of 2.82% and a negative return on equity of 1.76%. The firm had revenue of $683.19 million during the quarter. On average, 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.