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

Sharp Corp. (OTCMKTS:SHCAY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $0.9514, but opened at $1.01. Sharp shares last traded at $1.03, with a volume of 11,553 shares.

Sharp Stock Up 3.6%

The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.67 and a current ratio of 1.44. The company’s 50-day moving average price is $0.94 and its 200 day moving average price is $0.92. The stock has a market capitalization of $2.76 billion, a P/E ratio of 15.18 and a beta of 0.66.

Sharp (OTCMKTS:SHCAY) last released its quarterly earnings data on Friday, August 7th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Sharp had a return on equity of 11.29% and a net margin of 1.32%.The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.72 billion. As a group, equities analysts expect that Sharp Corp. will post 0.07 earnings per share for the current year.

About Sharp

Sharp Corporation is a Japanese electronics company that develops and sells consumer, business and industrial products. Its product portfolio includes televisions, audio equipment, home appliances, air conditioners, microwave ovens, calculators and other electronic devices.

The company also supplies display panels and related technologies, including liquid-crystal and other advanced displays used in televisions, mobile devices, automobiles and business equipment. Sharp provides multifunction printers, point-of-sale systems, information displays, workplace solutions and other business-oriented products and services.

Founded in 1912, Sharp is headquartered in Sakai, Osaka, Japan, and serves customers through operations and distribution networks in Japan and international markets.