SUMCO (OTCMKTS:SUOPY) Issues Earnings Results

SUMCO (OTCMKTS:SUOPY) released its quarterly earnings data on Thursday. The company reported ($0.16) earnings per share for the quarter, Zacks reports. SUMCO had a negative return on equity of 3.48% and a negative net margin of 5.57%.

SUMCO Stock Performance

SUMCO stock traded down $5.30 during mid-day trading on Thursday, hitting $42.00. 27,417 shares of the company’s stock traded hands, compared to its average volume of 14,907. The firm has a 50 day simple moving average of $50.31 and a two-hundred day simple moving average of $34.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.36 and a quick ratio of 1.51. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of -48.28 and a beta of 1.52. SUMCO has a fifty-two week low of $14.55 and a fifty-two week high of $69.37.

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.