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Sharp (OTCMKTS:SHCAY) Sees Unusually-High Trading Volume - What's Next?

Sharp logo with Consumer Discretionary background

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 3,600 shares changed 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's 50 day simple moving average is $1.23 and its two-hundred day simple moving average is $1.40. The company has a market capitalization of $2.99 billion, a P/E ratio of 12.81 and a beta of 0.70. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.29 and a quick ratio of 0.97.

Sharp (OTCMKTS:SHCAY - Get Free Report) last issued 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 business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.72 billion. As a group, research analysts expect that Sharp Corp. will post 0.01 earnings per share for the current 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.

Further Reading

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