SUMCO (OTCMKTS:SUOPY) Shares Gap Up – Time to Buy?

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 Performance

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 cap of $7.07 billion, a P/E ratio of -39.24 and a beta of 1.56. The stock’s fifty day moving average price is $43.56 and its two-hundred day moving average price is $39.63.

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