Sharp (OTCMKTS:SHCAY) Sees Strong Trading Volume – Should You Buy?

Sharp Corp. (OTCMKTS:SHCAY) saw strong trading volume on Wednesday . 32,903 shares were traded during trading, an increase of 243% from the previous session’s volume of 9,582 shares.The stock last traded at $1.15 and had previously closed at $1.1650.

Analysts Set New Price Targets

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

Sharp Stock Performance

The business’s fifty day moving average price is $1.21 and its two-hundred day moving average price is $1.28. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.88. The stock has a market capitalization of $2.98 billion, a P/E ratio of 7.63 and a beta of 0.50.

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