SUMCO (OTCMKTS:SUOPY) Shares Gap Down – Time to Sell?

SUMCO (OTCMKTS:SUOPY) gapped down before the market opened on Thursday. The stock had previously closed at $46.17, but opened at $44.00. SUMCO shares last traded at $44.3550, with a volume of 5,012 shares trading hands.

Analyst Ratings Changes

Separately, UBS Group raised SUMCO to a “buy” rating in a report on Tuesday, September 29th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, SUMCO presently has a consensus rating of “Moderate Buy”.

SUMCO Price Performance

The company has a 50 day moving average of $42.61 and a two-hundred day moving average of $41.31. The firm has a market cap of $7.77 billion, a P/E ratio of -43.14 and a beta of 1.55. The company has a quick ratio of 1.53, a current ratio of 3.37 and a debt-to-equity ratio of 0.50.

SUMCO (OTCMKTS:SUOPY) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.16) EPS for the quarter. SUMCO had a negative return on equity of 4.24% and a negative net margin of 6.60%.The business had revenue of $712.93 million during the quarter. Sell-side analysts expect that SUMCO will post -0.62 EPS for the current year.

About SUMCO

SUMCO Corporation is a Japan-based manufacturer of semiconductor silicon wafers, which serve as the foundational substrates for producing integrated circuits and other semiconductor devices. The company supplies wafer products to semiconductor manufacturers and supports applications across computing, communications, consumer electronics, automotive systems and industrial equipment.

Its product portfolio includes polished silicon wafers, epitaxial wafers and other specialty wafer products, with manufacturing capabilities covering commonly used wafer diameters such as 200 millimeters and 300 millimeters.