SUMCO (OTCMKTS:SUOPY) Releases Earnings Results

SUMCO (OTCMKTS:SUOPY) released its earnings results on Wednesday. The company reported ($0.16) earnings per share for the quarter, Zacks reports. SUMCO had a negative net margin of 6.60% and a negative return on equity of 4.24%.

SUMCO Price Performance

SUOPY traded up $3.73 during trading on Wednesday, reaching $27.23. 24,047 shares of the company traded hands, compared to its average volume of 12,688. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.53 and a current ratio of 3.37. SUMCO has a 12-month low of $14.55 and a 12-month high of $69.37. The firm has a fifty day simple moving average of $36.49 and a 200 day simple moving average of $36.20. The company has a market cap of $4.76 billion, a P/E ratio of -26.44 and a beta of 1.63.

Wall Street Analyst Weigh In

Separately, UBS Group raised SUMCO to a “buy” rating in a report on Tuesday, September 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About SUMCO

SUMCO Corporation is a Japan-based manufacturer of silicon wafers, the foundational materials used to produce semiconductor devices. Its products include polished and epitaxial wafers supplied to semiconductor manufacturers for use in a range of applications. The company was established in 1999 as Sumitomo Mitsubishi Silicon Corporation through the combination of silicon wafer businesses associated with Sumitomo Metal Industries and Mitsubishi Materials. It adopted the SUMCO name in 2002. Headquartered in Japan, SUMCO serves semiconductor manufacturers around the world.