Sumco (OTCMKTS:SUOPY) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Sumco Co. (OTCMKTS:SUOPY) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $21.86 and traded as low as $20.35. Sumco shares last traded at $21.05, with a volume of 2,467 shares traded.

Sumco Stock Up 2.3 %

The business’s 50-day moving average price is $21.85 and its 200-day moving average price is $27.70. The company has a quick ratio of 1.31, a current ratio of 2.44 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $3.68 billion, a PE ratio of 16.84 and a beta of 1.08.

Sumco (OTCMKTS:SUOPY) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The business had revenue of $672.00 million during the quarter, compared to analyst estimates of $694.51 million. Sumco had a net margin of 6.66% and a return on equity of 4.15%. As a group, equities research analysts predict that Sumco Co. will post 1.01 EPS for the current fiscal year.

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.