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

Sharp Corp. (OTCMKTS:SHCAY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $1.46, but opened at $1.37. Sharp shares last traded at $1.37, with a volume of 135 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Sharp to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sharp currently has a consensus rating of “Hold”.

Sharp Stock Up 4.2%

The company has a market capitalization of $3.56 billion, a P/E ratio of 9.13 and a beta of 0.63. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average price of $1.38 and a 200 day moving average price of $1.29.

Sharp (OTCMKTS:SHCAY) last posted its 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 return on equity of 20.90% and a net margin of 2.95%.The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.29 billion. On average, research analysts anticipate that Sharp Corp. will post 0.01 earnings per share for the current fiscal year.

About Sharp

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.