Sharp (OTCMKTS:SHCAY) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Sharp Corp. (OTCMKTS:SHCAY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.29 and traded as high as $1.3250. Sharp shares last traded at $1.30, with a volume of 839 shares trading hands.

Sharp Price Performance

The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 8.13 and a beta of 0.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.61 and a current ratio of 0.85. The business has a 50 day simple moving average of $1.39 and a 200-day simple moving average of $1.29.

Sharp (OTCMKTS:SHCAY) last released its quarterly earnings results on Friday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.09 billion. Sharp had a return on equity of 17.61% and a net margin of 3.12%. Equities research analysts expect that Sharp Corp. will post 0.01 earnings per share for the current year.

About Sharp

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.