SUMCO (OTCMKTS:SUOPY) Stock Price Down 2.9% - Should You Sell?

Key Points

• SUMCO's stock price decreased by 2.9% during trading on Monday, closing at $16.50, down from its previous close of $17.00.
• The company reported a net revenue of $672.11 million with an EPS of $0.11 for the last quarter, reflecting a return on equity of 3.62%.
• SUMCO operates in the semiconductor industry, manufacturing silicon wafers across multiple countries including Japan, the U.S., and China.

SUMCO (OTCMKTS:SUOPY - Get Free Report)'s share price was down 2.9% during trading on Monday . The stock traded as low as $16.50 and last traded at $16.50. Approximately 452 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 291 shares. The stock had previously closed at $17.00.

SUMCO Stock Down 2.9%

The company has a quick ratio of 1.30, a current ratio of 2.87 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $14.71 and a 200 day simple moving average of $14.49. The firm has a market capitalization of $2.89 billion, a P/E ratio of 24.63 and a beta of 0.97.

SUMCO (OTCMKTS:SUOPY - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.11 EPS for the quarter. SUMCO had a return on equity of 3.62% and a net margin of 4.39%. The business had revenue of $672.11 million for the quarter.

About SUMCO

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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