SUMCO (OTCMKTS:SUOPY) Trading 19.2% Higher – Should You Buy?

SUMCO (OTCMKTS:SUOPY)’s share price traded up 19.2% during trading on Monday . The company traded as high as $46.51 and last traded at $46.3550. 2,506 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 4,395 shares. The stock had previously closed at $38.90.

SUMCO Stock Up 9.8%

The company has a debt-to-equity ratio of 0.48, a current ratio of 3.21 and a quick ratio of 1.33. The stock has a market capitalization of $7.59 billion, a P/E ratio of -96.42 and a beta of 1.35. The firm has a 50 day moving average of $25.76 and a 200-day moving average of $21.41.

SUMCO (OTCMKTS:SUOPY) last issued its quarterly earnings results on Tuesday, February 10th. The company reported ($0.40) earnings per share (EPS) for the quarter. SUMCO had a negative net margin of 2.82% and a negative return on equity of 1.76%. The firm had revenue of $683.19 million for the quarter. On average, equities research analysts expect that SUMCO will post -0.62 earnings per share for the current fiscal year.

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.