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

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

Sharp Stock Down 8.3%

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

Sharp (OTCMKTS:SHCAY) last released its 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 analyst estimates of $2.72 billion. Sharp had a net margin of 1.32% and a return on equity of 11.29%. As a group, research analysts forecast that Sharp Corp. will post 0.07 earnings per share for the current 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.