SUMCO (OTCMKTS:SUOPY) Reaches New 1-Year High - Still a Buy?

Key Points

• SUMCO reached a new 52-week high of $24.29 in mid-day trading (last traded $24.29) on light volume (469 shares), with the 50-day and 200-day moving averages at $21.38 and $19.95, respectively.
• Recent results show weakness: the company reported -$0.40 EPS for the quarter, a negative net margin (-2.82%) and negative ROE (-1.76%), and a negative PE of -53.98, although liquidity (current ratio 3.21, quick ratio 1.33) and debt-to-equity (0.48) are reasonable.
• Core business: SUMCO is a leading global supplier of single-crystal silicon wafers (150–300 mm) used in memory, logic, power devices and specialty semiconductor applications.

SUMCO (OTCMKTS:SUOPY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $24.29 and last traded at $24.29, with a volume of 469 shares changing hands. The stock had previously closed at $24.00.

SUMCO Stock Performance

The company has a market cap of $4.25 billion, a PE ratio of -53.98 and a beta of 1.08. The company has a current ratio of 3.21, a quick ratio of 1.33 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $21.38 and a 200-day moving average of $19.95.

SUMCO (OTCMKTS:SUOPY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The company reported ($0.40) earnings per share (EPS) for the quarter. SUMCO had a negative net margin of 2.82% and a negative return on equity of 1.76%. The business had revenue of $683.19 million for the quarter.

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.

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