SUMCO (OTCMKTS:SUOPY) Stock Price Down 9.4% – Here’s What Happened

SUMCO (OTCMKTS:SUOPY – Get Free Report)’s share price dropped 9.4% during trading on Tuesday. The company traded as low as $39.4050 and last traded at $39.4050. Approximately 1,864 shares changed hands during trading, a decline of 81% from the average daily volume of 10,008 shares. The stock had previously closed at $43.49.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised SUMCO to a “buy” rating in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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SUMCO Price Performance

The company’s 50 day simple moving average is $42.71 and its 200 day simple moving average is $41.78. 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 stock has a market cap of $6.92 billion, a P/E ratio of -38.44 and a beta of 1.55.

SUMCO (OTCMKTS:SUOPY – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $712.93 million for the quarter. SUMCO had a negative return on equity of 4.24% and a negative net margin of 6.60%. As a group, equities analysts forecast that SUMCO will post -0.62 earnings per share for the current year.

SUMCO Company Profile

(Get Free Report)

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.

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