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Sumco (OTCMKTS:SUOPY) Share Price Crosses Below 50 Day Moving Average - Should You Sell?

Sumco logo with Computer and Technology background

Sumco Co. (OTCMKTS:SUOPY - Get Free Report) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 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 company has a debt-to-equity ratio of 0.44, a current ratio of 2.44 and a quick ratio of 1.31. The firm has a market capitalization of $3.68 billion, a P/E ratio of 16.84 and a beta of 1.08. The company's 50-day simple moving average is $21.85 and its two-hundred day simple moving average is $27.70.

Sumco (OTCMKTS:SUOPY - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. Sumco had a net margin of 6.66% and a return on equity of 4.15%. The business had revenue of $672.00 million for the quarter, compared to the consensus estimate of $694.51 million. As a group, research analysts expect that Sumco Co. will post 1.01 earnings per share for the current year.

Sumco Company Profile

(Get Free Report)

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.

Further Reading

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