Sharp (OTCMKTS:SHCAY) Stock Jumps 6.3% – Here’s Why

Sharp Corp. (OTCMKTS:SHCAY)’s share price was up 6.3% during mid-day trading on Monday. The company traded as high as $1.02 and last traded at $1.02. 520 shares were traded during trading, a decline of 92% from the average session volume of 6,806 shares. The stock had previously closed at $0.96.

Sharp Trading Up 6.3%

The firm’s fifty day simple moving average is $0.95 and its 200 day simple moving average is $0.92. The stock has a market capitalization of $2.65 billion, a P/E ratio of 14.57 and a beta of 0.66. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.01 and a current ratio of 1.44.

Sharp (OTCMKTS:SHCAY) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.72 billion. Sharp had a net margin of 1.32% and a return on equity of 11.29%. As a group, equities research analysts forecast that Sharp Corp. will post 0.07 EPS for the current fiscal year.

Sharp Company Profile

Sharp Corporation is a Japanese electronics company that develops and sells consumer, business and industrial products. Its product portfolio includes televisions, audio equipment, home appliances, air conditioners, microwave ovens, calculators and other electronic devices.

The company also supplies display panels and related technologies, including liquid-crystal and other advanced displays used in televisions, mobile devices, automobiles and business equipment. Sharp provides multifunction printers, point-of-sale systems, information displays, workplace solutions and other business-oriented products and services.

Founded in 1912, Sharp is headquartered in Sakai, Osaka, Japan, and serves customers through operations and distribution networks in Japan and international markets.