SUMCO (OTCMKTS:SUOPY) Shares Gap Up – Should You Buy?

Shares of SUMCO (OTCMKTS:SUOPY) gapped up prior to trading on Thursday . The stock had previously closed at $20.72, but opened at $22.90. SUMCO shares last traded at $22.30, with a volume of 2,193 shares trading hands.

SUMCO Price Performance

The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of -49.56 and a beta of 1.06. The company has a current ratio of 3.21, a quick ratio of 1.33 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $21.02 and a two-hundred day moving average price of $19.69.

SUMCO (OTCMKTS:SUOPY) last released its quarterly earnings data on Tuesday, February 10th. The company reported ($0.40) earnings per share (EPS) for the quarter. The company 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 1.76%.

About SUMCO

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.