Sharp (OTCMKTS:SHCAY) Shares Gap Down – What’s Next?

Sharp Corp. (OTCMKTS:SHCAY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $1.26, but opened at $1.19. Sharp shares last traded at $1.19, with a volume of 293 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Sharp to a “hold” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Sharp has a consensus rating of “Hold”.

Sharp Price Performance

The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.15 billion, a P/E ratio of 8.07 and a beta of 0.50. The company’s 50 day moving average price is $1.24 and its two-hundred day moving average price is $1.27.

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, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Sharp had a return on equity of 19.42% and a net margin of 2.95%. As a group, research analysts expect that Sharp Corp. will post 0.01 earnings per share 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.