Shares of SUMCO (OTCMKTS:SUOPY – Get Free Report) were down 9.6% on Monday. The stock traded as low as $28.8350 and last traded at $28.8350. 586 shares were traded during trading, a decline of 95% from the average daily volume of 11,256 shares. The stock had previously closed at $31.90.
Analysts Set New Price Targets
Separately, UBS Group upgraded shares of SUMCO to a “buy” rating in a research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
View Our Latest Report on SUOPY
SUMCO Stock Up 1.8%
The business has a 50-day moving average price of $38.98 and a 200-day moving average price of $36.03. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of -28.07 and a beta of 1.63. The company has a quick ratio of 1.53, a current ratio of 3.37 and a debt-to-equity ratio of 0.50.
SUMCO (OTCMKTS:SUOPY – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.16) earnings per share for the quarter. The company 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%. As a group, equities analysts anticipate that SUMCO will post -0.62 earnings per share for the current fiscal year.
SUMCO Company Profile
SUMCO Corporation is a Japan-based manufacturer of silicon wafers used in the production of semiconductor devices. The company supplies polished, epitaxial, annealed and other types of silicon wafers, with products primarily based on 300-millimeter, 200-millimeter and 150-millimeter wafer technologies.
Its wafers are used by semiconductor manufacturers to produce integrated circuits, memory chips, microprocessors, power semiconductors and other electronic components. SUMCO serves customers throughout the global semiconductor industry and operates manufacturing and sales activities in Japan and other major semiconductor markets, including Asia, North America and Europe.
SUMCO was established in 1999 as Silicon United Manufacturing Corporation through a joint venture involving Sumitomo Metal Industries and Mitsubishi Materials Corporation.
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