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Sharp (OTCMKTS:SHCAY) Hits New 52-Week Low - Should You Sell?

Sharp logo with Consumer Discretionary background

Sharp Co. (OTCMKTS:SHCAY - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $1.18 and last traded at $1.18, with a volume of 8027 shares. The stock had previously closed at $1.20.

Sharp Trading Up 0.9%

The firm has a market capitalization of $3.06 billion, a PE ratio of -2.95 and a beta of 0.73. The business's 50-day moving average price is $1.32 and its 200-day moving average price is $1.45. The company has a debt-to-equity ratio of 3.15, a current ratio of 1.21 and a quick ratio of 0.88.

Sharp (OTCMKTS:SHCAY - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.03 earnings per share for the quarter, hitting analysts' consensus estimates of $0.03. Sharp had a negative return on equity of 17.10% and a negative net margin of 7.12%. The business had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $3.72 billion. As a group, analysts expect that Sharp Co. will post 0.01 earnings per share for the current fiscal year.

About Sharp

(Get Free Report)

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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