Sharp (OTCMKTS:SHCAY) Shares Gap Down – Time to Sell?

Sharp Corp. (OTCMKTS:SHCAY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $1.01, but opened at $0.95. Sharp shares last traded at $0.95, with a volume of 118 shares traded.

Sharp Stock Performance

The company’s 50 day moving average is $0.94 and its 200-day moving average is $0.91. The company has a quick ratio of 1.01, a current ratio of 1.44 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $2.47 billion, a P/E ratio of 13.57 and a beta of 0.66.

Sharp (OTCMKTS:SHCAY) last released its quarterly earnings data on Friday, August 7th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Sharp had a net margin of 1.32% and a return on equity of 11.29%. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.72 billion. As a group, equities analysts anticipate that Sharp Corp. will post 0.07 EPS for the current year.

About Sharp

Sharp Corporation is a Japanese electronics company that develops and sells consumer, business and industrial products. Its product portfolio includes televisions, audio equipment, home appliances, air conditioners, microwave ovens, calculators and other electronic devices.

The company also supplies display panels and related technologies, including liquid-crystal and other advanced displays used in televisions, mobile devices, automobiles and business equipment. Sharp provides multifunction printers, point-of-sale systems, information displays, workplace solutions and other business-oriented products and services.

Founded in 1912, Sharp is headquartered in Sakai, Osaka, Japan, and serves customers through operations and distribution networks in Japan and international markets.