SUMCO (OTCMKTS:SUOPY) Sees Large Volume Increase – Here’s Why

SUMCO (OTCMKTS:SUOPY) shares saw strong trading volume on Friday. 11,909 shares changed hands during trading, an increase of 23% from the previous session’s volume of 9,658 shares. The stock last traded at $39.4850 and had previously closed at $39.48.

SUMCO Trading Up 1.7%

The company has a market capitalization of $7.02 billion, a PE ratio of -38.99 and a beta of 1.56. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.53 and a current ratio of 3.37. The business has a fifty day moving average price of $42.82 and a 200 day moving average price of $39.89.

SUMCO (OTCMKTS:SUOPY) last issued its earnings results on Thursday, August 6th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $712.93 million for the quarter. SUMCO had a negative return on equity of 4.24% and a negative net margin of 6.60%. Analysts expect 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.