SUMCO (OTCMKTS:SUOPY) Shares Gap Up – Still a Buy?

SUMCO (OTCMKTS:SUOPY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $39.5080, but opened at $44.20. SUMCO shares last traded at $43.45, with a volume of 4,294 shares trading hands.

SUMCO Stock Performance

The business has a fifty day moving average price of $26.59 and a 200-day moving average price of $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. The stock has a market capitalization of $7.47 billion, a P/E ratio of -94.96 and a beta of 1.35.

SUMCO (OTCMKTS:SUOPY) last issued its quarterly earnings data on Tuesday, February 10th. The company reported ($0.40) EPS for the quarter. SUMCO had a negative return on equity of 1.76% and a negative net margin of 2.82%.The firm had revenue of $683.19 million during the quarter. On average, sell-side analysts expect that SUMCO will post -0.62 EPS 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.