Sharp (OTCMKTS:SHCAY) Shares Gap Up – Should You Buy?

Sharp Corp. (OTCMKTS:SHCAY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $0.9301, but opened at $0.9784. Sharp shares last traded at $0.9780, with a volume of 1,384 shares trading hands.

Sharp Stock Up 5.1%

The stock has a market capitalization of $2.54 billion, a P/E ratio of 13.97 and a beta of 0.63. The firm has a fifty day moving average price of $0.93 and a two-hundred day moving average price of $0.92.

Sharp (OTCMKTS:SHCAY) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Sharp had a net margin of 1.32% and a return on equity of 11.62%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.72 billion. Sell-side analysts anticipate that Sharp Corp. will post 0.07 earnings per share for the current fiscal 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.