Sharp (OTCMKTS:SHCAY) Shares Up 6.3% – Here’s Why

Sharp Corp. (OTCMKTS:SHCAY – Get Free Report)’s share price shot up 6.3% during mid-day trading on Monday. The stock traded as high as $1.02 and last traded at $1.02. 520 shares changed hands during trading, a decline of 92% from the average session volume of 6,806 shares. The stock had previously closed at $0.96.

Sharp Stock Performance

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 firm has a market cap of $2.65 billion, a P/E ratio of 14.57 and a beta of 0.66. The company’s 50 day moving average is $0.95 and its 200 day moving average is $0.92.

Sharp (OTCMKTS:SHCAY – Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Sharp had a net margin of 1.32% and a return on equity of 11.29%. As a group, equities analysts predict that Sharp Corp. will post 0.07 earnings per share for the current fiscal year.

Sharp Company Profile

(Get Free Report)

Sharp Corporation is a Japanese electronics company that develops and sells consumer, business and industrial products. Its product portfolio includes televisions, audio equipment, home appliances, air conditioners, microwave ovens, calculators and other electronic devices.

The company also supplies display panels and related technologies, including liquid-crystal and other advanced displays used in televisions, mobile devices, automobiles and business equipment. Sharp provides multifunction printers, point-of-sale systems, information displays, workplace solutions and other business-oriented products and services.

Founded in 1912, Sharp is headquartered in Sakai, Osaka, Japan, and serves customers through operations and distribution networks in Japan and international markets.

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