SUMCO (OTCMKTS:SUOPY) Hits New 1-Year High – Here’s Why

Shares of SUMCO (OTCMKTS:SUOPYGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $59.75 and last traded at $59.00, with a volume of 10036 shares. The stock had previously closed at $48.14.

SUMCO Trading Up 14.3%

The company has a quick ratio of 1.51, a current ratio of 3.36 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $42.51 and a 200 day simple moving average of $28.46. The firm has a market capitalization of $10.14 billion, a P/E ratio of -66.67 and a beta of 1.52.

SUMCO Company Profile

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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.

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