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

SUMCO (OTCMKTS:SUOPY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $37.5150, but opened at $40.0050. SUMCO shares last traded at $40.0050, with a volume of 590 shares changing hands.

SUMCO Stock Up 3.6%

The firm’s 50 day moving average is $44.55 and its 200-day moving average is $39.37. The firm has a market cap of $7.00 billion, a PE ratio of -38.84 and a beta of 1.56. The company has a quick ratio of 1.53, a current ratio of 3.37 and a debt-to-equity ratio of 0.50.

SUMCO (OTCMKTS:SUOPY) last released its earnings results on Thursday, August 6th. The company reported ($0.16) earnings per share for the quarter. SUMCO had a negative return on equity of 4.24% and a negative net margin of 6.60%.The business had revenue of $712.93 million for the quarter. As a group, equities research analysts expect that SUMCO will post -0.62 earnings per share for the current fiscal 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.