Sharp (OTCMKTS:SHCAY) Sees Large Volume Increase – Here’s What Happened

Sharp Corp. (OTCMKTS:SHCAY) saw an uptick in trading volume on Tuesday . 873 shares traded hands during mid-day trading, an increase of 172% from the previous session’s volume of 321 shares.The stock last traded at $1.2550 and had previously closed at $1.21.

Analysts Set New Price Targets

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

Sharp Stock Performance

The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.15 billion, a PE ratio of 8.07 and a beta of 0.50. The company has a 50-day moving average price of $1.24 and a two-hundred day moving average price of $1.27.

Sharp (OTCMKTS:SHCAY) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Sharp had a return on equity of 19.42% and a net margin of 2.95%.The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Analysts predict that Sharp Corp. will post 0.01 EPS for the current fiscal year.

Sharp Company Profile

Sharp Corporation, founded in 1912 by Tokuji Hayakawa and headquartered in Sakai, Osaka, is a Japanese multinational electronics manufacturer. Over its century-long history, Sharp has been recognized for pioneering products such as the Ever-Sharp mechanical pencil and for its sustained innovation in display technologies.

The company’s core offerings span consumer electronics and professional solutions, including LCD televisions, large-scale displays, mobile device components, multifunction printers, and energy products such as solar panels and energy storage systems.