Sharp (OTCMKTS:SHCAY – Get Free Report) issued its earnings results on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01, Zacks reports. Sharp had a return on equity of 17.39% and a net margin of 2.60%.
Sharp Stock Down 8.9%
OTCMKTS SHCAY traded down $0.09 during trading on Friday, hitting $0.90. 17,820 shares of the stock traded hands, compared to its average volume of 7,343. Sharp has a 12-month low of $0.80 and a 12-month high of $1.52. The firm has a 50-day simple moving average of $0.92 and a 200-day simple moving average of $0.94. The company has a market capitalization of $2.35 billion, a P/E ratio of 6.95 and a beta of 0.63.
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.
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