Sharp (OTCMKTS:SHCAY) Hits New 52-Week Low - Time to Sell?

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $1.07 and last traded at $1.07, with a volume of 220 shares changing hands. The stock had previously closed at $1.10.

Sharp Price Performance

The company's fifty day simple moving average is $1.22 and its 200-day simple moving average is $1.39. The stock has a market cap of $2.80 billion, a P/E ratio of 11.98 and a beta of 0.70. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 2.42.

Sharp (OTCMKTS:SHCAY - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.03 earnings per share for the quarter, meeting analysts' consensus estimates of $0.03. The business had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $3.72 billion. Sharp had a net margin of 1.70% and a return on equity of 0.33%. As a group, sell-side analysts forecast that Sharp Corp. will post 0.01 EPS for the current 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.

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