SUMCO (OTCMKTS:SUOPY) Shares Gap Down – Here’s What Happened

Shares of SUMCO (OTCMKTS:SUOPY) gapped down before the market opened on Tuesday . The stock had previously closed at $22.2160, but opened at $20.49. SUMCO shares last traded at $20.49, with a volume of 5,609 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised shares of SUMCO from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, SUMCO currently has an average rating of “Buy”.

SUMCO Stock Down 5.5%

The business has a 50-day moving average price of $18.91 and a 200-day moving average price of $18.64. The stock has a market cap of $3.67 billion, a PE ratio of 233.33 and a beta of 1.09. The company has a current ratio of 3.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50.

SUMCO (OTCMKTS:SUOPY) last posted its quarterly earnings data on Tuesday, February 10th. The company reported ($0.40) earnings per share for the quarter. SUMCO had a return on equity of 1.24% and a net margin of 0.60%.

SUMCO Company Profile

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.