Sharp (OTCMKTS:SHCAY) Shares Gap Down – Here’s Why

Sharp Corp. (OTCMKTS:SHCAY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $1.37, but opened at $1.25. Sharp shares last traded at $1.25, with a volume of 100 shares trading hands.

Wall Street Analyst Weigh In

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

Sharp Stock Performance

The company has a quick ratio of 0.61, a current ratio of 0.85 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $1.37 and a 200 day moving average price of $1.28. The firm has a market capitalization of $3.04 billion, a PE ratio of 7.80 and a beta of 0.63.

Sharp (OTCMKTS:SHCAY) last posted its earnings results on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Sharp had a return on equity of 20.90% and a net margin of 2.95%.The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.29 billion. Research analysts expect that Sharp Corp. will post 0.01 earnings per share for the current 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.