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

Key Points

• SUMCO shares experienced a gap up before market opening, rising from a previous close of $16.20 to an opening price of $16.90.
• The company's stock is currently trading at $16.90 with a market capitalization of $2.96 billion and a price-to-earnings ratio of 43.33.
• SUMCO specializes in manufacturing and selling silicon wafers for the semiconductor industry, serving markets in Japan, the U.S., China, Taiwan, and Korea.

SUMCO (OTCMKTS:SUOPY - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $16.20, but opened at $16.90. SUMCO shares last traded at $16.90, with a volume of 340 shares changing hands.

SUMCO Stock Performance

The business has a 50-day simple moving average of $15.75 and a 200 day simple moving average of $14.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.87 and a quick ratio of 1.30. The firm has a market cap of $2.89 billion, a PE ratio of 42.31 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.