Sharp (OTCMKTS:SHCAY) Shares Gap Up – Should You Buy?

Sharp Corp. (OTCMKTS:SHCAY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $0.8468, but opened at $0.9336. Sharp shares last traded at $0.9336, with a volume of 11,526 shares trading hands.

Sharp Price Performance

The business’s 50 day moving average is $0.88 and its 200-day moving average is $1.08. The firm has a market capitalization of $2.34 billion, a P/E ratio of 6.93 and a beta of 0.60. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.04.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Sharp had a net margin of 2.60% and a return on equity of 18.63%. As a group, sell-side analysts predict that Sharp Corp. will post 0.07 EPS for the current fiscal year.

About Sharp

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.