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

Shares of Sharp Corp. (OTCMKTS:SHCAY) gapped down before the market opened on Thursday. The stock had previously closed at $0.8790, but opened at $0.8232. Sharp shares last traded at $0.8232, with a volume of 261 shares trading hands.

Sharp Stock Performance

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 company has a 50 day moving average of $0.94 and a 200 day moving average of $0.95. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 11.76 and a beta of 0.65.

Sharp (OTCMKTS:SHCAY) last issued its 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 11.29%. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.72 billion.

About Sharp

Sharp Corporation is a Japanese electronics company that develops and sells consumer and business technology products. Its portfolio includes televisions, smartphones, home appliances, air purifiers, microwave ovens, audio equipment and other products sold under the Sharp and AQUOS brands. The company is also known for its Plasmacluster air-treatment technology.

Sharp serves customers in Japan and international markets, with operations spanning consumer electronics, business solutions, display technologies and electronic components.