SUMCO (OTCMKTS:SUOPY) Shares Down 4% – Here’s Why

SUMCO (OTCMKTS:SUOPY) shares traded down 4% during mid-day trading on Thursday . The company traded as low as $36.60 and last traded at $37.0150. Approximately 3,425 shares traded hands during trading, a decline of 64% from the average session volume of 9,565 shares. The stock had previously closed at $38.57.

SUMCO Stock Performance

The company has a quick ratio of 1.53, a current ratio of 3.37 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average price of $44.55 and a 200 day moving average price of $39.25. The stock has a market cap of $6.75 billion, a PE ratio of -37.49 and a beta of 1.56.

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 return on equity of 4.24% and a negative net margin of 6.60%.The business had revenue of $712.93 million during the quarter. As a group, research analysts forecast 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.