Sharp (OTCMKTS:SHCAY) Sees Large Volume Increase - Here's Why

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) shares saw an uptick in trading volume on Monday . 3,600 shares traded hands during mid-day trading, a decline of 37% from the previous session's volume of 5,730 shares.The stock last traded at $1.15 and had previously closed at $1.14.

Sharp Stock Performance

The stock has a market cap of $2.96 billion, a PE ratio of 12.67 and a beta of 0.73. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.29 and a quick ratio of 0.97. The stock has a 50-day simple moving average of $1.25 and a 200-day simple moving average of $1.40.

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