Sharp (OTCMKTS:SHCAY) Shares Gap Up – Still a Buy?

Sharp Corp. (OTCMKTS:SHCAY) shares gapped up before the market opened on Friday . The stock had previously closed at $1.17, but opened at $1.23. Sharp shares last traded at $1.23, with a volume of 1,158 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Sharp to a “hold” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Sharp Stock Performance

The stock has a fifty day simple moving average of $1.36 and a 200-day simple moving average of $1.28. The stock has a market cap of $3.20 billion, a P/E ratio of 8.20 and a beta of 0.63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.61 and a current ratio of 0.85.

Sharp (OTCMKTS:SHCAY) last issued 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 company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.29 billion. Sharp had a return on equity of 20.90% and a net margin of 2.95%. On average, equities analysts expect 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.