Sumco (OTCMKTS:SUOPY) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Sumco Co. (OTCMKTS:SUOPY)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $21.15 and traded as low as $18.95. Sumco shares last traded at $19.20, with a volume of 982 shares trading hands.

Sumco Trading Up 1.7 %

The business’s 50-day simple moving average is $21.04 and its two-hundred day simple moving average is $26.65. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 18.64 and a beta of 1.09. The company has a quick ratio of 1.31, a current ratio of 2.44 and a debt-to-equity ratio of 0.44.

Sumco (OTCMKTS:SUOPY) last released its 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. Sumco had a net margin of 6.66% and a return on equity of 4.15%. The company had revenue of $672.00 million for the quarter, compared to analyst estimates of $694.51 million. Equities analysts forecast that Sumco Co. will post 1.07 earnings per share for the current year.

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.