Sharp (OTCMKTS:SHCAY) Sees Unusually-High Trading Volume – Here’s Why

Sharp Corp. (OTCMKTS:SHCAY) shares saw unusually-high trading volume on Tuesday . Approximately 873 shares changed hands during trading, an increase of 172% from the previous session’s volume of 321 shares.The stock last traded at $1.2550 and had previously closed at $1.21.

Analyst Ratings Changes

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

Sharp Trading Up 2.9%

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.88. The business’s 50 day moving average price is $1.24 and its 200-day moving average price is $1.27. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 8.30 and a beta of 0.50.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. Sharp had a return on equity of 19.42% and a net margin of 2.95%.The firm had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Equities analysts expect that Sharp Corp. will post 0.01 EPS for the current year.

Sharp Company Profile

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.