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

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 - )'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 trading hands.

SUMCO Stock Down 3.0%

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 business's 50 day moving average is $15.43 and its 200 day moving average is $14.63. The company has a market cap of $2.84 billion, a P/E ratio of 41.54 and a beta of 0.98.

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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