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

Sharp Corp. (OTCMKTS:SHCAY) gapped up before the market opened on Thursday . The stock had previously closed at $0.9514, but opened at $1.01. Sharp shares last traded at $1.03, with a volume of 11,553 shares changing hands.

Sharp Trading Up 10.5%

The stock’s 50-day moving average price is $0.93 and its 200-day moving average price is $0.91. The company has a market cap of $2.67 billion, a P/E ratio of 14.68 and a beta of 0.66.

Sharp (OTCMKTS:SHCAY) last issued its earnings results on Friday, August 7th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. Sharp had a return on equity of 11.62% and a net margin of 1.32%.The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.72 billion. On average, research analysts anticipate that Sharp Corp. will post 0.07 earnings per share 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.