SUMCO (OTCMKTS:SUOPY) Announces Earnings Results

SUMCO (OTCMKTS:SUOPY) released its quarterly earnings results on Wednesday. The company reported ($0.16) earnings per share (EPS) for the quarter, Zacks reports. SUMCO had a negative net margin of 6.60% and a negative return on equity of 4.24%.

SUMCO Stock Performance

Shares of OTCMKTS SUOPY traded up $3.91 during trading hours on Wednesday, reaching $27.41. The stock had a trading volume of 17,045 shares, compared to its average volume of 12,685. SUMCO has a twelve month low of $14.55 and a twelve month high of $69.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.37 and a quick ratio of 1.53. The business’s fifty day moving average is $36.49 and its two-hundred day moving average is $36.20. The company has a market cap of $4.79 billion, a price-to-earnings ratio of -26.61 and a beta of 1.63.

Analysts Set New Price Targets

Separately, UBS Group upgraded SUMCO to a “buy” rating in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

About SUMCO

SUMCO Corporation is a Japan-based manufacturer of silicon wafers, the foundational materials used to produce semiconductor devices. Its products include polished and epitaxial wafers supplied to semiconductor manufacturers for use in a range of applications. The company was established in 1999 as Sumitomo Mitsubishi Silicon Corporation through the combination of silicon wafer businesses associated with Sumitomo Metal Industries and Mitsubishi Materials. It adopted the SUMCO name in 2002. Headquartered in Japan, SUMCO serves semiconductor manufacturers around the world.