Sharp (OTCMKTS:SHCAY) Shares Gap Down – Here’s What Happened

Shares of Sharp Corp. (OTCMKTS:SHCAY) gapped down before the market opened on Friday. The stock had previously closed at $0.9635, but opened at $0.93. Sharp shares last traded at $0.93, with a volume of 3,633 shares trading hands.

Sharp Price Performance

The company has a market capitalization of $2.42 billion, a PE ratio of 13.29 and a beta of 0.65. The firm’s 50-day moving average is $0.96 and its 200-day moving average is $0.92. The company has a quick ratio of 1.01, a current ratio of 1.44 and a debt-to-equity ratio of 1.26.

Sharp (OTCMKTS:SHCAY) last issued its 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 company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Sharp had a return on equity of 11.29% and a net margin of 1.32%. Equities analysts predict that Sharp Corp. will post 0.07 earnings per share for the current fiscal year.

About Sharp

Sharp Corporation is a Japanese electronics company that develops and markets consumer electronics, business equipment and electronic components. Its product portfolio has included televisions and displays, audio and video equipment, refrigerators, microwave ovens, air conditioners, air purifiers, and other home appliances. The company also provides office solutions, including multifunction printers and related business systems.

Sharp is also active in display technologies, semiconductor-related products and electronic components, as well as solar and other energy-related solutions.