Sharp (OTCMKTS:SHCAY) Shares Gap Up – Here’s Why

Sharp Corp. (OTCMKTS:SHCAY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $0.96, but opened at $1.02. Sharp shares last traded at $0.9792, with a volume of 782 shares traded.

Sharp Trading Up 6.0%

The company has a current ratio of 1.44, a quick ratio of 1.01 and a debt-to-equity ratio of 1.26. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 14.53 and a beta of 0.66. The company has a fifty day moving average price of $0.95 and a 200-day moving average price of $0.92.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Sharp had a return on equity of 11.29% and a net margin of 1.32%.The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.72 billion. As a group, research analysts expect 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.