Zacks Research Upgrades Sharp (OTCMKTS:SHCAY) to Hold

Sharp (OTCMKTS:SHCAY) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Sharp Price Performance

Sharp stock opened at $1.35 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $1.38 and a 200 day moving average price of $1.29. Sharp has a 12-month low of $1.01 and a 12-month high of $1.70. The stock has a market cap of $3.51 billion, a P/E ratio of 9.00 and a beta of 0.63.

Sharp (OTCMKTS:SHCAY) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Sharp had a net margin of 2.95% and a return on equity of 20.90%. Sell-side analysts anticipate that Sharp will post 0.01 earnings per share for the current year.

Sharp Company Profile

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.