SUMCO (OTCMKTS:SUOPY) Shares Gap Down - What's Next?

Key Points

• SUMCO gapped down before the market opened, falling from a $29.00 close to a $27.05 open and last trading at $26.66 on light volume (1,139 shares).
• The company reported a quarterly EPS of ($0.40) on $683.19 million in revenue and showed negative profitability metrics (ROE −1.76%, net margin −2.82%).
• SUMCO is a leading global supplier of single‑crystal silicon wafers with a market cap of $4.90 billion, strong liquidity (current ratio 3.21) but a negative P/E of −62.22.

SUMCO (OTCMKTS:SUOPY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $29.00, but opened at $27.05. SUMCO shares last traded at $26.66, with a volume of 1,139 shares traded.

SUMCO Price Performance

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 firm has a market cap of $4.90 billion, a price-to-earnings ratio of -62.22 and a beta of 1.08. The company's 50-day moving average is $22.16 and its 200-day moving average is $20.20.

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

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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