SUMCO (OTCMKTS:SUOPY) Stock Price Down 9.4% – Should You Sell?

Shares of SUMCO (OTCMKTS:SUOPY) fell 9.4% on Tuesday. The stock traded as low as $39.4050 and last traded at $39.4050. Approximately 1,864 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 10,008 shares. The stock had previously closed at $43.49.

Analyst Upgrades and Downgrades

Separately, UBS Group raised SUMCO to a “buy” rating in a report on Tuesday, September 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

SUMCO Trading Down 7.2%

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.53 and a current ratio of 3.37. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of -38.44 and a beta of 1.55. The business’s 50-day simple moving average is $42.71 and its 200-day simple moving average is $41.78.

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

About SUMCO

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.