SUMCO (OTCMKTS:SUOPY) Releases Earnings Results

SUMCO (OTCMKTS:SUOPY) released its quarterly earnings results on Wednesday. The company reported ($0.16) earnings per share for the quarter, Zacks reports. SUMCO had a negative net margin of 6.60% and a negative return on equity of 4.24%.

SUMCO Stock Performance

Shares of OTCMKTS SUOPY opened at $27.06 on Thursday. The business’s 50-day simple moving average is $36.23 and its 200-day simple moving average is $36.23. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.53 and a current ratio of 3.37. SUMCO has a 52 week low of $14.55 and a 52 week high of $69.37. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of -26.27 and a beta of 1.63.

Analyst Upgrades and Downgrades

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

SUMCO Company Profile

SUMCO Corporation is a Japan-based manufacturer of silicon wafers, the foundational materials used to produce semiconductor devices. Its products include polished and epitaxial wafers supplied to semiconductor manufacturers for use in a range of applications. The company was established in 1999 as Sumitomo Mitsubishi Silicon Corporation through the combination of silicon wafer businesses associated with Sumitomo Metal Industries and Mitsubishi Materials. It adopted the SUMCO name in 2002. Headquartered in Japan, SUMCO serves semiconductor manufacturers around the world.