Sharp (OTCMKTS:SHCAY) Sets New 52-Week Low – Time to Sell?

Sharp Corp. (OTCMKTS:SHCAY) shares reached a new 52-week low on Monday. The company traded as low as $0.7976 and last traded at $0.7976, with a volume of 347 shares. The stock had previously closed at $0.8232.

Sharp Trading Down 3.1%

The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 11.39 and a beta of 0.65. 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 fifty day moving average price of $0.94 and a 200-day moving average price of $0.95.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.01 EPS 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 business had revenue of $2.75 billion during 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.