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Sharp (OTCMKTS:SHCAY) Hits New 52-Week Low - Here's What Happened

Sharp logo with Consumer Discretionary background

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

Sharp Price Performance

The business's fifty day moving average price is $1.33 and its 200 day moving average price is $1.45. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 3.15. The firm has a market capitalization of $3.06 billion, a PE ratio of -2.95 and a beta of 0.76.

Sharp (OTCMKTS:SHCAY - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $3.72 billion. Sharp had a negative net margin of 7.12% and a negative return on equity of 17.10%. On average, equities research analysts forecast that Sharp Co. will post 0.01 earnings per share for the current fiscal year.

Sharp Company Profile

(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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