SUMCO (OTCMKTS:SUOPY – Get Free Report)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $28.4105, but opened at $23.54. SUMCO shares last traded at $23.20, with a volume of 9,817 shares traded.
Wall Street Analysts Forecast Growth
Separately, UBS Group raised shares of SUMCO to a “buy” rating in a 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 stock currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Research Report on SUOPY
SUMCO Trading Up 6.0%
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 firm’s fifty day moving average price is $37.25 and its 200-day moving average price is $36.17. The company has a market cap of $4.05 billion, a price-to-earnings ratio of -22.50 and a beta of 1.63.
SUMCO (OTCMKTS:SUOPY – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.16) EPS for the quarter. The business 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%. On average, equities analysts expect that SUMCO will post -0.62 EPS 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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