Sharp (OTCMKTS:SHCAY) Reaches New 52-Week Low – Time to Sell?

Sharp Corp. (OTCMKTS:SHCAY) reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $0.7976 and last traded at $0.7976, with a volume of 347 shares trading hands. The stock had previously closed at $0.8232.

Sharp Stock Performance

The company has a quick ratio of 1.01, a current ratio of 1.44 and a debt-to-equity ratio of 1.26. The company has a fifty day moving average price of $0.93 and a 200 day moving average price of $0.94. The stock has a market cap of $2.08 billion, a PE ratio of 11.40 and a beta of 0.72.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate 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 the consensus estimate of $2.72 billion.

Sharp Company Profile

Sharp Corporation is a Japanese electronics company that develops and sells consumer and business technology products. Its portfolio includes televisions, smartphones, home appliances, air purifiers, microwave ovens, audio equipment and other products sold under the Sharp and AQUOS brands. The company is also known for its Plasmacluster air-treatment technology.

Sharp serves customers in Japan and international markets, with operations spanning consumer electronics, business solutions, display technologies and electronic components.