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

Shares of SUMCO (OTCMKTS:SUOPY) gapped down prior to trading on Thursday. The stock had previously closed at $46.17, but opened at $44.00. SUMCO shares last traded at $44.3550, with a volume of 5,012 shares trading hands.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

SUMCO Stock Up 1.1%

The firm has a 50-day moving average of $42.74 and a 200 day moving average of $41.48. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of -42.22 and a beta of 1.55. 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 net margin of 6.60% and a negative return on equity of 4.24%. On average, sell-side analysts anticipate that SUMCO will post -0.62 earnings per share for the current 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.