SUMCO (OTCMKTS:SUOPY) Shares Gap Down - Here's Why

Key Points

• SUMCO's shares gapped down, opening at $17.00 after closing at $17.97, with a trading volume of 100 shares.
• The company reported quarterly earnings of $0.11 per share, with revenue totaling $672.11 million.
• SUMCO has a market capitalization of $2.98 billion and a P/E ratio of 25.37.
• The company's products include various types of silicon wafers used in the semiconductor industry, sold globally.

Shares of SUMCO (OTCMKTS:SUOPY - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $17.97, but opened at $17.00. SUMCO shares last traded at $17.00, with a volume of 100 shares changing hands.

SUMCO Stock Performance

The stock has a market capitalization of $2.98 billion, a P/E ratio of 25.37 and a beta of 0.97. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 2.87. The company's fifty day simple moving average is $14.59 and its two-hundred day simple moving average is $14.48.

SUMCO (OTCMKTS:SUOPY - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.11 earnings per share for the quarter. The firm had revenue of $672.11 million for the quarter. SUMCO had a net margin of 4.39% and a return on equity of 3.62%.

About SUMCO

Sumco Corporation manufactures and sells silicon wafers for the semiconductor industry in Japan, the United States, China, Taiwan, Korea, and internationally. It provides monocrystalline ingots, as well as polished, annealed, epitaxial, junction isolated, silicon-on-insulator, and reclaimed polished wafers.

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