Sharp (OTCMKTS:SHCAY) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• The share price of Sharp Corp. (OTCMKTS:SHCAY) has recently crossed above its 200-day moving average of $1.32, reaching a high of $1.44 during trading.
• Sharp reported earnings per share of $0.04 for the recent quarter, surpassing analysts' expectations of $0.02, and generated revenues of $3.20 billion compared to an estimate of $3.09 billion.
• The company's financial ratios indicate a quick ratio of 0.97 and a debt-to-equity ratio of 0.06, suggesting a stable liquidity position relative to its debt.

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.32 and traded as high as $1.44. Sharp shares last traded at $1.44, with a volume of 1,925 shares traded.

Sharp Stock Performance

The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 9.08 and a beta of 0.64. The stock's 50 day moving average is $1.24 and its two-hundred day moving average is $1.32. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of 0.06.

Sharp (OTCMKTS:SHCAY - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. The firm had revenue of $3.20 billion during the quarter, compared to analysts' expectations of $3.09 billion. Sharp had a net margin of 3.12% and a return on equity of 17.61%. Analysts anticipate 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.