Sharp (OTCMKTS:SHCAY) Sees Large Volume Increase – Still a Buy?
by Kim Johansen · The Markets DailyShares of Sharp Corp. (OTCMKTS:SHCAY – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 32,903 shares changed hands during trading, an increase of 243% from the previous session’s volume of 9,582 shares.The stock last traded at $1.15 and had previously closed at $1.1650.
Analysts Set New Price Targets
Separately, Zacks Research upgraded shares of Sharp to a “hold” rating in a report on Tuesday, November 11th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on Sharp
Sharp Stock Down 1.7%
The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The company has a 50-day simple moving average of $1.21 and a 200 day simple moving average of $1.28. The company has a market cap of $2.98 billion, a P/E ratio of 7.63 and a beta of 0.50.
Sharp (OTCMKTS:SHCAY – Get Free Report) last released its earnings results on Monday, November 10th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.29 billion. Sharp had a return on equity of 19.42% and a net margin of 2.95%. On average, equities analysts anticipate that Sharp Corp. will post 0.01 EPS for the current year.
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.