Sumco (OTCMKTS:SUOPY) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Sumco Co. (OTCMKTS:SUOPY)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $21.86 and traded as low as $20.35. Sumco shares last traded at $21.05, with a volume of 2,467 shares traded.

Sumco Stock Up 2.3 %

The business has a fifty day moving average of $21.85 and a 200 day moving average of $27.70. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 16.84 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.44 and a quick ratio of 1.31.

Sumco (OTCMKTS:SUOPY) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. Sumco had a return on equity of 4.15% and a net margin of 6.66%. The company had revenue of $672.00 million for the quarter, compared to the consensus estimate of $694.51 million. On average, equities analysts predict that Sumco Co. will post 1.01 earnings per share for the current year.

About Sumco

Sumco Corporation manufactures and sells silicon wafers for the semiconductor industry in Japan, the United States, China, Taiwan, Korea, and internationally. It provides monocrystalline ingots, as well as polished, annealed, epitaxial, junction isolated, silicon-on-insulator, and reclaimed polished wafers.