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

Sharp Corp. (OTCMKTS:SHCAY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $1.21, but opened at $1.11. Sharp shares last traded at $1.11, with a volume of 243 shares.

Wall Street Analysts Forecast Growth

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

Sharp Stock Performance

The stock has a 50 day moving average of $1.20 and a two-hundred day moving average of $1.28. The stock has a market capitalization of $3.00 billion, a PE ratio of 7.70 and a beta of 0.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.88 and a quick ratio of 0.65.

Sharp (OTCMKTS:SHCAY) last released its earnings results on Monday, November 10th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Sharp had a return on equity of 19.42% and a net margin of 2.95%.The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.29 billion. Research analysts expect that Sharp Corp. will post 0.01 EPS for the current fiscal 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.