SUMCO (OTCMKTS:SUOPY) Shares Gap Up - Here's What Happened

Key Points

• Shares gapped up premarket, opening at $37.79 vs a prior close of $34.50 and last trading at $38.85 — up 12.8% on the move (volume ~1,915 shares).
• SUMCO reported a quarterly loss of ($0.40) EPS, has a market cap of $6.8B, a negative P/E (-86.44) and negative net margin (-2.82%), and analysts expect -0.62 EPS for the fiscal year.
• SUMCO is a leading global silicon wafer supplier producing 150–300mm single‑crystal and epitaxial wafers for memory, logic and power semiconductor applications.

SUMCO (OTCMKTS:SUOPY - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $34.50, but opened at $37.79. SUMCO shares last traded at $38.85, with a volume of 1,915 shares changing hands.

SUMCO Stock Up 12.8%

The stock has a market capitalization of $6.80 billion, a P/E ratio of -86.44 and a beta of 1.35. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.33 and a current ratio of 3.21. The stock's fifty day simple moving average is $24.14 and its two-hundred day simple moving average is $20.84.

SUMCO (OTCMKTS:SUOPY - Get Free Report) last issued its quarterly 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 firm had revenue of $683.19 million during the quarter. As a group, research analysts expect that SUMCO will post -0.62 EPS for the current fiscal year.

About SUMCO

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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