SUMCO (OTCMKTS:SUOPY) Shares Down 7.9% – Time to Sell?

SUMCO (OTCMKTS:SUOPY) shares fell 7.9% during trading on Friday . The company traded as low as $20.07 and last traded at $20.1250. 380 shares traded hands during trading, a decline of 84% from the average session volume of 2,324 shares. The stock had previously closed at $21.84.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded shares of SUMCO from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

SUMCO Trading Down 6.6%

The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of -45.34 and a beta of 1.09. The company has a fifty day moving average price of $19.24 and a 200-day moving average price of $18.75. 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 issued its quarterly earnings data on Tuesday, February 10th. The company reported ($0.40) earnings per share for the quarter. The business had revenue of $683.19 million for the quarter. SUMCO had a negative net margin of 2.82% and a negative return on equity of 1.75%.

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.