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

Sharp Corp. (OTCMKTS:SHCAY) shares 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 Trading Down 1.1%

The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.01 and a current ratio of 1.44. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 13.29 and a beta of 0.65. The business has a fifty day simple moving average of $0.96 and a 200-day simple moving average of $0.92.

Sharp (OTCMKTS:SHCAY) last released its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.72 billion. Sharp had a net margin of 1.32% and a return on equity of 11.29%. As a group, equities analysts forecast that Sharp Corp. will post 0.07 earnings per share for the current fiscal year.

Sharp Company Profile

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.