SUMCO (OTCMKTS:SUOPY) Announces Earnings Results

SUMCO (OTCMKTS:SUOPY) announced its earnings results on Tuesday. The company reported ($0.40) EPS for the quarter, Zacks reports. SUMCO had a return on equity of 1.24% and a net margin of 0.60%.The company had revenue of $683.19 million for the quarter.

SUMCO Stock Performance

Shares of SUOPY opened at $20.87 on Wednesday. The stock has a 50 day moving average of $19.01 and a 200 day moving average of $18.67. SUMCO has a 12 month low of $10.29 and a 12 month high of $24.15. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 231.83 and a beta of 1.09. The company has a current ratio of 3.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50.

Wall Street Analyst Weigh In

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

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.