Sharp (OTCMKTS:SHCAY) Trading 3.9% Higher – Here’s Why

Sharp Corp. (OTCMKTS:SHCAY)’s share price was up 3.9% during trading on Wednesday . The company traded as high as $1.21 and last traded at $1.21. Approximately 10,672 shares were traded during mid-day trading, an increase of 78% from the average daily volume of 6,012 shares. The stock had previously closed at $1.1650.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of 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 company has an average rating of “Hold”.

Sharp Stock Performance

The firm has a fifty day moving average of $1.25 and a 200-day moving average of $1.27. 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 stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 7.87 and a beta of 0.52.

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

Sharp Company Profile

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.