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

Sharp Corp. (OTCMKTS:SHCAY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $0.9039, but opened at $0.99. Sharp shares last traded at $0.99, with a volume of 10,058 shares traded.

Sharp Price Performance

The company has a market capitalization of $2.52 billion, a PE ratio of 13.85 and a beta of 0.63. The business’s 50 day simple moving average is $0.92 and its 200 day simple moving average is $0.94.

Sharp (OTCMKTS:SHCAY) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Sharp had a net margin of 1.32% and a return on equity of 11.62%. As a group, analysts anticipate that Sharp Corp. will post 0.07 EPS for the current year.

About Sharp

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.