Sharp (OTCMKTS:SHCAY) Shares Gap Down – Time to Sell?

Shares of Sharp Corp. (OTCMKTS:SHCAY) gapped down before the market opened on Monday. The stock had previously closed at $0.8430, but opened at $0.7862. Sharp shares last traded at $0.7862, with a volume of 100 shares.

Sharp Price Performance

The company has a quick ratio of 1.01, a current ratio of 1.44 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $2.09 billion, a PE ratio of 11.48 and a beta of 0.72. The stock has a 50-day moving average price of $0.93 and a 200 day moving average price of $0.94.

Sharp (OTCMKTS:SHCAY) last announced its earnings results on Monday, November 9th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Sharp had a return on equity of 11.29% and a net margin of 1.32%.

Sharp Company Profile

Sharp Corporation is a Japanese electronics company that develops and sells products for consumers and businesses. Its offerings include home appliances such as televisions, refrigerators, air conditioners and microwave ovens, as well as office equipment, including multifunction printers and copiers.

The company also makes display products and electronic components, including LCD panels and related technologies, and provides business and information systems. Sharp serves customers in Japan and international markets.

Founded in Tokyo in 1912 by Tokuji Hayakawa, the company takes its name from the Ever-Sharp mechanical pencil, an early product developed by Hayakawa.