Sharp (OTCMKTS:SHCAY) Stock Price Down 4.7% – Should You Sell?

Sharp Corp. (OTCMKTS:SHCAY) shares were down 4.7% during mid-day trading on Tuesday. The stock traded as low as $0.8799 and last traded at $0.90. Approximately 3,705 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 6,590 shares. The stock had previously closed at $0.9443.

Sharp Trading Down 8.3%

The company has a market cap of $2.25 billion, a P/E ratio of 12.37 and a beta of 0.65. The stock’s 50 day moving average is $0.96 and its 200-day moving average is $0.92. The company has a current ratio of 1.44, a quick ratio of 1.01 and a debt-to-equity ratio of 1.26.

Sharp (OTCMKTS:SHCAY) last released its quarterly earnings data on Friday, August 7th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.72 billion. Sharp had a net margin of 1.32% and a return on equity of 11.29%. Research analysts anticipate 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.