SUMCO (OTCMKTS:SUOPY – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 8,365 shares, a drop of 84.7% from the July 15th total of 54,506 shares. Based on an average daily volume of 20,489 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold.
SUMCO Stock Performance
SUMCO stock opened at $49.40 on Friday. The firm has a 50 day simple moving average of $49.52 and a 200-day simple moving average of $35.55. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of -47.96 and a beta of 1.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.36 and a quick ratio of 1.51. SUMCO has a 1-year low of $14.55 and a 1-year high of $69.37.
SUMCO (OTCMKTS:SUOPY – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.16) EPS for the quarter. The firm had revenue of $712.93 million for the quarter. SUMCO had a negative net margin of 6.60% and a negative return on equity of 4.18%. On average, analysts expect that SUMCO will post -0.62 EPS for the current year.
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.
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