SUMCO (OTCMKTS:SUOPY) Trading Up 11.9% - Should You Buy?

Key Points

• Shares jumped 11.9% intraday to $23.1875 on Friday, but trading was very light (~288 shares, about 92% below its average), suggesting the move may be thinly traded.
• SUMCO reported quarterly EPS of -$0.40 on $683.19M revenue and remains unprofitable with a negative net margin (-2.82%) and ROE (-1.76%); its trailing PE is negative (-51.53) and market cap is about $4.05B.
• SUMCO is a leading global supplier of single‑crystal silicon wafers (150–300mm) for memory, logic and power devices, also offering epitaxial and specialty wafers for advanced semiconductor nodes.

SUMCO (OTCMKTS:SUOPY - Get Free Report) was up 11.9% during mid-day trading on Friday . The company traded as high as $23.1875 and last traded at $23.1875. Approximately 288 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 3,755 shares. The stock had previously closed at $20.72.

SUMCO Stock Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 3.21 and a quick ratio of 1.33. The firm has a market capitalization of $4.05 billion, a PE ratio of -51.53 and a beta of 1.06. The firm has a fifty day moving average price of $21.04 and a 200 day moving average price of $19.71.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.