Sharp (OTCMKTS:SHCAY) Stock Price Down 8.4% – Should You Sell?

by · The Cerbat Gem

Sharp Corp. (OTCMKTS:SHCAY – Get Free Report) shares fell 8.4% on Monday . The stock traded as low as $1.2550 and last traded at $1.2550. 929 shares were traded during trading, a decline of 84% from the average session volume of 5,911 shares. The stock had previously closed at $1.37.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Sharp to a “hold” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Check Out Our Latest Report on SHCAY

Sharp Stock Down 8.8%

The business’s 50 day simple moving average is $1.38 and its 200 day simple moving average is $1.29. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $3.25 billion, a PE ratio of 8.33 and a beta of 0.63.

Sharp (OTCMKTS:SHCAY – Get Free Report) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.29 billion. Sharp had a net margin of 2.95% and a return on equity of 20.90%. On average, equities research analysts forecast that Sharp Corp. will post 0.01 earnings per share for the current year.

Sharp Company Profile

(Get Free Report)

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.

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