SUMCO (OTCMKTS:SUOPY) Announces Earnings Results

SUMCO (OTCMKTS:SUOPY) announced its earnings results on Thursday. 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 4.18%. The business had revenue of $712.93 million during the quarter.

SUMCO Trading Up 6.2%

SUOPY stock traded up $2.60 during trading on Friday, hitting $44.60. The company had a trading volume of 25,101 shares, compared to its average volume of 16,240. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of -43.30 and a beta of 1.52. The company has a quick ratio of 1.51, a current ratio of 3.36 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $50.21 and a 200-day moving average price of $34.73. SUMCO has a 12 month low of $14.55 and a 12 month high of $69.37.

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.