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

Key Points

• SUMCO's share price decreased from $16.71 to $16.20 in pre-market trading, representing a gap down of 3.0%.
• The company maintains a market capitalization of $2.84 billion and has a P/E ratio of 41.54, indicating its stock valuation relative to earnings.
• SUMCO manufactures and sells silicon wafers for the semiconductor industry and operates internationally, including in Japan, the U.S., and China.

SUMCO (OTCMKTS:SUOPY - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $16.71, but opened at $16.20. SUMCO shares last traded at $16.20, with a volume of 600 shares changing hands.

SUMCO Stock Down 1.0%

The firm has a 50 day moving average price of $15.66 and a two-hundred day moving average price of $14.67. The company has a quick ratio of 1.30, a current ratio of 2.87 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 42.90 and a beta of 0.98.

SUMCO Company Profile

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.