Sharp (OTCMKTS:SHCAY) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Sharp (OTCMKTS:SHCAY) from a hold rating to a sell rating in a research report released on Wednesday, reports.

According to Zacks, “SHARP CORPORATION is a Japan-based company engaged in the manufacture and sale of electronic telecommunication devices, electronic machines and components. The Company operates in two business divisions. The Electronics Equipment division offers audio and video/communication products, including liquid crystal color televisions, projectors, digital versatile disc players and recorders, compact disc players and various telephones; electric appliances, as well as information equipment, such as personal computers, digital dictionaries, calculators, liquid crystal color monitors, information displays and copy machines. It also offers software. The Electronic Component division provides large-scale integrated circuits, liquid crystal display modules and other electronic components, such as batteries and parts for satellite broadcasting, among others. “

SHCAY has been the topic of a number of other reports. Citigroup downgraded shares of Sharp from a neutral rating to a sell rating in a research note on Wednesday, November 27th. ValuEngine upgraded shares of Sharp from a hold rating to a buy rating in a report on Monday, August 12th. Finally, Jefferies Financial Group raised shares of Sharp from an underperform rating to a hold rating in a research report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold.

OTCMKTS SHCAY opened at $3.78 on Wednesday. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.23 and a quick ratio of 0.94. The stock has a market capitalization of $8.03 billion, a P/E ratio of 18.00 and a beta of 1.45. The firm’s 50-day moving average is $3.40 and its two-hundred day moving average is $2.87. Sharp has a 12 month low of $2.15 and a 12 month high of $3.95.

About Sharp

Sharp Corporation manufactures and distributes electronic communication equipment, electronic equipment, electronic application equipment, and electronic components in Japan, the Americas, Europe, China, and internationally. It operates through four segments: Smart Homes, Smart Business Solutions, Internet of Things (IoT) Electronics Devices, and Advance Display Systems.

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