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

SUMCO (OTCMKTS:SUOPY) shares gapped up prior to trading on Monday . The stock had previously closed at $37.5150, but opened at $40.0050. SUMCO shares last traded at $40.0050, with a volume of 590 shares trading hands.

SUMCO Price Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 3.37 and a quick ratio of 1.53. The company has a 50-day simple moving average of $44.55 and a 200-day simple moving average of $39.37. The stock has a market cap of $7.00 billion, a PE ratio of -38.84 and a beta of 1.56.

SUMCO (OTCMKTS:SUOPY) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.16) EPS for the quarter. SUMCO had a negative return on equity of 4.24% and a negative net margin of 6.60%.The firm had revenue of $712.93 million for the quarter. Sell-side analysts anticipate that SUMCO will post -0.62 EPS for the current fiscal 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.