Sharp (OTCMKTS:SHCAY) Sees Strong Trading Volume – Should You Buy?

Shares of Sharp Corp. (OTCMKTS:SHCAY) saw an uptick in trading volume on Wednesday . 32,903 shares changed hands during mid-day trading, an increase of 243% from the previous session’s volume of 9,582 shares.The stock last traded at $1.15 and had previously closed at $1.1650.

Analyst Upgrades and Downgrades

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

Sharp Stock Performance

The company’s 50-day moving average price is $1.20 and its 200 day moving average price is $1.28. The stock has a market capitalization of $2.94 billion, a PE ratio of 7.53 and a beta of 0.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.88.

Sharp (OTCMKTS:SHCAY) last released its quarterly earnings results on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Sharp had a net margin of 2.95% and a return on equity of 19.42%. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.29 billion. On average, equities research 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.