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

Sharp Corp. (OTCMKTS:SHCAY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $1.46, but opened at $1.37. Sharp shares last traded at $1.37, with a volume of 135 shares traded.

Sharp Price Performance

The stock has a market capitalization of $3.51 billion, a PE ratio of 9.00 and a beta of 0.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.61. The firm’s 50 day simple moving average is $1.38 and its 200 day simple moving average is $1.29.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Sharp had a net margin of 2.95% and a return on equity of 20.90%. As a group, equities analysts forecast that Sharp Corp. will post 0.01 EPS for the current fiscal year.

Sharp Company Profile

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.