SUMCO (OTCMKTS:SUOPY – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.16) EPS for the quarter, Zacks reports. SUMCO had a negative return on equity of 4.24% and a negative net margin of 6.60%.
SUMCO Stock Performance
Shares of OTCMKTS:SUOPY traded up $3.91 during trading on Wednesday, reaching $27.41. The stock had a trading volume of 17,045 shares, compared to its average volume of 12,685. The stock has a fifty day simple moving average of $36.49 and a two-hundred day simple moving average of $36.20. 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 has a 52 week low of $14.55 and a 52 week high of $69.37. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of -26.61 and a beta of 1.63.
Analyst Upgrades and Downgrades
Separately, UBS Group upgraded shares of SUMCO to a “buy” rating in a report on Tuesday, September 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Research Report on SUMCO
About SUMCO
SUMCO Corporation is a Japan-based manufacturer of silicon wafers, the foundational materials used to produce semiconductor devices. Its products include polished and epitaxial wafers supplied to semiconductor manufacturers for use in a range of applications. The company was established in 1999 as Sumitomo Mitsubishi Silicon Corporation through the combination of silicon wafer businesses associated with Sumitomo Metal Industries and Mitsubishi Materials. It adopted the SUMCO name in 2002. Headquartered in Japan, SUMCO serves semiconductor manufacturers around the world.
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