Sharp (OTCMKTS:SHCAY) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• Sharp Corp. (OTCMKTS:SHCAY) shares rose above their 200-day moving average of $1.29, reaching a high of $1.36 during trading.
• The company reported $0.04 EPS for the last quarter, beating expectations, with revenues of $3.20 billion compared to an estimate of $3.09 billion.
• Sharp's market cap stands at $3.53 billion and maintains a relatively low debt-to-equity ratio of 0.06.

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.29 and traded as high as $1.36. Sharp shares last traded at $1.36, with a volume of 1,092 shares trading hands.

Sharp Trading Down 0.9%

The company has a market cap of $3.53 billion, a price-to-earnings ratio of 8.50 and a beta of 0.64. The company's 50 day moving average price is $1.40 and its 200 day moving average price is $1.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.61 and a current ratio of 0.85.

Sharp (OTCMKTS:SHCAY - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.09 billion. Sharp had a net margin of 3.12% and a return on equity of 17.61%. Research analysts anticipate that Sharp Corp. will post 0.01 EPS for the current 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.

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