SUMCO (OTCMKTS:SUOPY) Shares Gap Down – What’s Next?

SUMCO (OTCMKTS:SUOPY)’s stock price gapped down prior to trading on Wednesday. The stock had previously closed at $42.6548, but opened at $40.40. SUMCO shares last traded at $40.40, with a volume of 275 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised SUMCO to a “buy” rating in a research 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

SUMCO Stock Down 8.7%

The company’s 50-day simple moving average is $42.24 and its 200 day simple moving average is $42.11. The company has a current ratio of 3.37, a quick ratio of 1.53 and a debt-to-equity ratio of 0.50.

SUMCO (OTCMKTS:SUOPY) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $712.93 million during the quarter. SUMCO had a negative return on equity of 4.24% and a negative net margin of 6.60%. Analysts predict 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, 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.