SUMCO (OTCMKTS:SUOPY) Hits New 12-Month High – Still a Buy?

SUMCO (OTCMKTS:SUOPY)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $24.29 and last traded at $24.29, with a volume of 469 shares trading hands. The stock had previously closed at $24.00.

SUMCO Stock Performance

The stock has a 50-day moving average of $21.57 and a 200-day moving average of $20.01. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of -55.99 and a beta of 1.08. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.33 and a current ratio of 3.21.

SUMCO (OTCMKTS:SUOPY) last announced its earnings results on Tuesday, February 10th. The company reported ($0.40) earnings per share (EPS) for the quarter. SUMCO had a negative net margin of 2.82% and a negative return on equity of 1.76%. The firm had revenue of $683.19 million during the quarter.

About SUMCO

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.