SUMCO (OTCMKTS:SUOPY) Shares Gap Up – What’s Next?

SUMCO (OTCMKTS:SUOPY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $20.1029, but opened at $20.90. SUMCO shares last traded at $20.90, with a volume of 1,502 shares traded.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised SUMCO from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

SUMCO Stock Up 4.0%

The business has a fifty day moving average price of $19.45 and a two-hundred day moving average price of $18.86. The company has a current ratio of 3.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The company has a market cap of $3.65 billion, a price-to-earnings ratio of -46.44 and a beta of 1.09.

SUMCO (OTCMKTS:SUOPY) last released its earnings results on Tuesday, February 10th. The company reported ($0.40) earnings per share (EPS) for the quarter. The company had revenue of $683.19 million during the quarter. SUMCO had a negative return on equity of 1.75% and a negative net margin of 2.82%.

About SUMCO

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.