Sharp (OTCMKTS:SHCAY) Shares Gap Up – Time to Buy?

Sharp Corp. (OTCMKTS:SHCAY) shares gapped up prior to trading on Friday . The stock had previously closed at $1.30, but opened at $1.40. Sharp shares last traded at $1.40, with a volume of 2,011 shares traded.

Sharp Trading Up 10.1%

The stock has a market cap of $3.73 billion, a PE ratio of 8.97 and a beta of 0.64. The firm has a 50-day moving average price of $1.37 and a 200-day moving average price of $1.30. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.61 and a current ratio of 0.85.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.09 billion. Sharp had a net margin of 3.12% and a return on equity of 17.61%. As a group, equities analysts anticipate that Sharp Corp. will post 0.01 EPS for the current fiscal year.

Sharp Company Profile

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.