SUMCO (OTCMKTS:SUOPY) Shares Gap Down - Should You Sell?

Key Points

• SUMCO shares gapped down ~9.9%, opening at $19.404 from a prior close of $21.86 and trading with low volume (1,345 shares).
• Analyst move: Sanford C. Bernstein upgraded the stock from "strong sell" to "hold," and MarketBeat shows a consensus rating of "Buy" (one Strong Buy, one Hold).
• Weak fundamentals: SUMCO reported Q results with EPS of ($0.40) and a negative net margin (‑2.82%), while holding a $3.45 billion market cap and 50-/200-day averages of $20.47/$19.31.

SUMCO (OTCMKTS:SUOPY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $21.86, but opened at $19.4040. SUMCO shares last traded at $19.4040, with a volume of 1,345 shares changing hands.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised SUMCO from a "strong sell" rating to a "hold" rating in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, SUMCO currently has a consensus rating of "Buy".

SUMCO Trading Down 9.9%

The company has a debt-to-equity ratio of 0.48, a current ratio of 3.21 and a quick ratio of 1.33. The firm's 50 day moving average price is $20.47 and its 200 day moving average price is $19.31. The stock has a market capitalization of $3.45 billion, a P/E ratio of -43.79 and a beta of 1.06.

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

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.

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