Sharp (OTCMKTS:SHCAY) Sets New 52-Week Low – Time to Sell?

Sharp Corp. (OTCMKTS:SHCAY – Get Free Report) hit a new 52-week low during trading on Monday. The company traded as low as $0.7976 and last traded at $0.7976, with a volume of 347 shares. The stock had previously closed at $0.8232.

Sharp Trading Down 3.1%

The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.01 and a current ratio of 1.44. The company has a 50 day simple moving average of $0.94 and a two-hundred day simple moving average of $0.95. The company has a market cap of $2.08 billion, a PE ratio of 11.39 and a beta of 0.65.

Sharp (OTCMKTS:SHCAY – Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Sharp had a net margin of 1.32% and a return on equity of 11.29%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.72 billion.

About Sharp

(Get Free Report)

Sharp Corporation is a Japanese electronics company that develops and sells consumer and business technology products. Its portfolio includes televisions, smartphones, home appliances, air purifiers, microwave ovens, audio equipment and other products sold under the Sharp and AQUOS brands. The company is also known for its Plasmacluster air-treatment technology.

Sharp serves customers in Japan and international markets, with operations spanning consumer electronics, business solutions, display technologies and electronic components.

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