Sharp (OTCMKTS:SHCAY) Shares Gap Down – What’s Next?

Sharp Corp. (OTCMKTS:SHCAY) gapped down prior to trading on Tuesday . The stock had previously closed at $1.21, but opened at $1.11. Sharp shares last traded at $1.11, with a volume of 243 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised Sharp to a “hold” rating in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Sharp presently has a consensus rating of “Hold”.

Sharp Stock Up 1.7%

The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 7.80 and a beta of 0.50. The stock has a 50 day moving average of $1.21 and a 200 day moving average of $1.28.

Sharp (OTCMKTS:SHCAY) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. Sharp had a net margin of 2.95% and a return on equity of 19.42%. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.29 billion. As a group, analysts expect that Sharp Corp. will post 0.01 earnings per share 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.