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

by · The Cerbat Gem

Sharp Corp. (OTCMKTS:SHCAY – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $1.3125, but opened at $1.50. Sharp shares last traded at $1.50, with a volume of 38,946 shares changing hands.

Sharp Stock Performance

The firm has a 50-day moving average of $1.38 and a 200-day moving average of $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 stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 9.13 and a beta of 0.63.

Sharp (OTCMKTS:SHCAY – Get Free Report) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.04 earnings per share for the quarter. Sharp had a return on equity of 17.61% and a net margin of 3.12%. As a group, sell-side analysts predict 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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