Sharp (OTCMKTS:SHCAY) Sees Large Volume Increase – Time to Buy?

Shares of Sharp Corp. (OTCMKTS:SHCAY) saw strong trading volume on Tuesday . 5,226 shares changed hands during mid-day trading, an increase of 260% from the previous session’s volume of 1,450 shares.The stock last traded at $1.1850 and had previously closed at $1.21.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Sharp to a “hold” rating in a report on Tuesday, November 11th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Sharp presently has a consensus rating of “Hold”.

Sharp Stock Performance

The company’s 50 day moving average price is $1.23 and its 200-day moving average price is $1.28. The stock has a market cap of $3.08 billion, a P/E ratio of 7.90 and a beta of 0.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.88.

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