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

Key Points

• SUMCO shares opened at $21.73 after a gap up from a previous close of $20.25, representing a notable increase in trading interest.
• The company has a market cap of $3.80 billion and a price-to-earnings ratio of 55.72, which indicates high valuations relative to earnings.
• SUMCO specializes in manufacturing silicon wafers for the semiconductor industry, serving markets in Japan, the United States, China, and other international locations.

Shares of SUMCO (OTCMKTS:SUOPY - ) gapped up before the market opened on Wednesday . The stock had previously closed at $20.25, but opened at $21.73. SUMCO shares last traded at $21.73, with a volume of 5,201 shares traded.

SUMCO Trading Up 7.3%

The company has a quick ratio of 1.28, a current ratio of 2.97 and a debt-to-equity ratio of 0.50. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 55.72 and a beta of 1.09. The business has a fifty day simple moving average of $17.10 and a 200 day simple moving average of $15.10.

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.

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