SUMCO (OTCMKTS:SUOPY – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,151 shares, a decline of 94.6% from the August 15th total of 39,691 shares. Based on an average daily trading volume, of 53,087 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.
SUMCO Trading Down 3.2%
Shares of SUOPY opened at $38.36 on Friday. The company has a current ratio of 3.37, a quick ratio of 1.51 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $6.71 billion, a P/E ratio of -37.24 and a beta of 1.56. The stock’s fifty day simple moving average is $47.04 and its 200 day simple moving average is $38.70. SUMCO has a twelve month low of $14.55 and a twelve month high of $69.37.
SUMCO (OTCMKTS:SUOPY – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.16) EPS for the quarter. The firm 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%. On average, equities research analysts forecast that SUMCO will post -0.62 earnings per share for the current year.
About SUMCO
SUMCO Corporation is a Japan-based manufacturer of semiconductor silicon wafers. The company supplies highly engineered silicon substrates used by semiconductor manufacturers to produce integrated circuits and other electronic components.
Its product portfolio includes polished silicon wafers, epitaxial wafers and other wafer products in a range of sizes and specifications, including large-diameter wafers used in advanced semiconductor manufacturing. SUMCO also provides wafer-related technical support and manufacturing services tailored to customer process requirements.
The company was formed through the integration of silicon-wafer operations formerly associated with Sumitomo Metal Industries and Mitsubishi Materials, and adopted the SUMCO name in 2002.
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