SUMCO (OTCMKTS:SUOPY) Announces Earnings Results

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

SUMCO Stock Up 1.6%

SUOPY opened at $21.20 on Thursday. The company has a market capitalization of $3.71 billion, a P/E ratio of -47.11 and a beta of 1.09. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.11 and a quick ratio of 1.29. The firm’s fifty day moving average price is $19.11 and its two-hundred day moving average price is $18.68. SUMCO has a fifty-two week low of $10.29 and a fifty-two week high of $24.15.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded SUMCO from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

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.