Sharp (OTCMKTS:SHCAY) Shares Down 4.7% – Should You Sell?

Sharp Corp. (OTCMKTS:SHCAY)’s share price fell 4.7% on Monday . The company traded as low as $0.96 and last traded at $0.96. 1,446 shares were traded during trading, a decline of 79% from the average session volume of 6,999 shares. The stock had previously closed at $1.0075.

Sharp Stock Down 5.9%

The firm has a 50-day simple moving average of $0.94 and a 200 day simple moving average of $0.92. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.44 and a quick ratio of 1.01. The company has a market capitalization of $2.50 billion, a PE ratio of 13.71 and a beta of 0.66.

Sharp (OTCMKTS:SHCAY) last announced its earnings results on Friday, August 7th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.72 billion. Sharp had a return on equity of 11.29% and a net margin of 1.32%. On average, research analysts predict that Sharp Corp. will post 0.07 EPS for the current fiscal year.

About Sharp

Sharp Corporation is a Japanese electronics company that develops and sells consumer, business and industrial products. Its product portfolio includes televisions, audio equipment, home appliances, air conditioners, microwave ovens, calculators and other electronic devices.

The company also supplies display panels and related technologies, including liquid-crystal and other advanced displays used in televisions, mobile devices, automobiles and business equipment. Sharp provides multifunction printers, point-of-sale systems, information displays, workplace solutions and other business-oriented products and services.

Founded in 1912, Sharp is headquartered in Sakai, Osaka, Japan, and serves customers through operations and distribution networks in Japan and international markets.