Sharp (OTCMKTS:SHCAY) Sees Strong Trading Volume – What’s Next?

Sharp Corp. (OTCMKTS:SHCAY) shares saw unusually-high trading volume on Tuesday . Approximately 30,357 shares changed hands during mid-day trading, an increase of 240% from the previous session’s volume of 8,938 shares.The stock last traded at $0.92 and had previously closed at $1.0250.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Sharp to a “hold” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Sharp Price Performance

The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2.47 billion, a P/E ratio of 3.39 and a beta of 0.58. The company has a fifty day simple moving average of $1.15 and a two-hundred day simple moving average of $1.28.

Sharp (OTCMKTS:SHCAY) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. Sharp had a net margin of 5.57% and a return on equity of 25.52%. The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Sharp has set its FY 2025 guidance at 0.132-0.132 EPS. Sell-side analysts expect that Sharp Corp. will post 0.01 EPS for the current fiscal year.

Sharp Company Profile

Sharp Corporation, founded in 1912 by Tokuji Hayakawa and headquartered in Sakai, Osaka, is a Japanese multinational electronics manufacturer. Over its century-long history, Sharp has been recognized for pioneering products such as the Ever-Sharp mechanical pencil and for its sustained innovation in display technologies.

The company’s core offerings span consumer electronics and professional solutions, including LCD televisions, large-scale displays, mobile device components, multifunction printers, and energy products such as solar panels and energy storage systems.