Sharp (OTCMKTS:SHCAY) Shares Gap Up – Should You Buy?

Sharp Corp. (OTCMKTS:SHCAYGet Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $0.9301, but opened at $0.9784. Sharp shares last traded at $0.9780, with a volume of 1,384 shares changing hands.

Sharp Stock Performance

The stock’s 50 day simple moving average is $0.93 and its 200-day simple moving average is $0.92. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 13.51 and a beta of 0.66.

Sharp (OTCMKTS:SHCAYGet Free Report) last issued its earnings results on Friday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.72 billion. Sharp had a return on equity of 11.62% and a net margin of 1.32%. On average, analysts expect that Sharp Corp. will post 0.07 EPS for the current fiscal year.

Sharp Company Profile

(Get Free Report)

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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