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

Sharp Corp. (OTCMKTS:SHCAY) gapped down before the market opened on Friday . The stock had previously closed at $1.26, but opened at $1.19. Sharp shares last traded at $1.19, with a volume of 293 shares traded.

Wall Street Analyst Weigh In

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

Sharp Stock Performance

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 business’s fifty day moving average is $1.23 and its two-hundred day moving average is $1.28. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 8.07 and a beta of 0.50.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.29 billion. Sharp had a return on equity of 19.42% and a net margin of 2.95%. Equities analysts anticipate 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.