SUMCO (OTCMKTS:SUOPY) Shares Gap Down – Here’s Why

Shares of SUMCO (OTCMKTS:SUOPY) gapped down before the market opened on Tuesday . The stock had previously closed at $39.30, but opened at $37.56. SUMCO shares last traded at $37.3350, with a volume of 9,572 shares traded.

SUMCO Price Performance

The business’s 50-day simple moving average is $46.19 and its two-hundred day simple moving average is $38.94. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of -36.28 and a beta of 1.56. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.37 and a quick ratio of 1.53.

SUMCO (OTCMKTS:SUOPY) last released 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 for the quarter. Research analysts expect 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. The company supplies highly engineered silicon substrates used by semiconductor manufacturers to produce integrated circuits and other electronic components.

Its product portfolio includes polished silicon wafers, epitaxial wafers and other wafer products in a range of sizes and specifications, including large-diameter wafers used in advanced semiconductor manufacturing. SUMCO also provides wafer-related technical support and manufacturing services tailored to customer process requirements.

The company was formed through the integration of silicon-wafer operations formerly associated with Sumitomo Metal Industries and Mitsubishi Materials, and adopted the SUMCO name in 2002.