Sharp (OTCMKTS:SHCAY) Shares Gap Down – What’s Next?

Sharp Corp. (OTCMKTS:SHCAY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $1.37, but opened at $1.25. Sharp shares last traded at $1.25, with a volume of 100 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Sharp to a “hold” rating in a report on Tuesday, November 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Sharp Stock Down 1.2%

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 firm has a market cap of $3.21 billion, a P/E ratio of 8.23 and a beta of 0.63. The stock’s fifty day moving average is $1.37 and its two-hundred day moving average is $1.28.

Sharp (OTCMKTS:SHCAY) last released its quarterly earnings results on Monday, November 10th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.29 billion. Sharp had a net margin of 2.95% and a return on equity of 20.90%. As a group, research analysts anticipate that Sharp Corp. will post 0.01 earnings per share for the current year.

About Sharp

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.