Sharp (OTCMKTS:SHCAY) Shares Gap Down – Time to Sell?

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.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Sharp to a “hold” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Sharp Stock Performance

The stock has a market cap of $3.15 billion, a P/E ratio of 8.07 and a beta of 0.50. The stock’s 50-day moving average is $1.24 and its two-hundred day moving average is $1.27. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.88 and a quick ratio of 0.65.

Sharp (OTCMKTS:SHCAY) last released its quarterly earnings data 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 return on equity of 19.42% and a net margin of 2.95%.The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.29 billion. Equities research analysts anticipate that Sharp Corp. will post 0.01 EPS for the current 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.