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

Key Points

• Sharp Corporation's share price recently crossed above its 200-day moving average, indicating potential bullish momentum, with shares trading at $1.42.
• The company reported $0.04 earnings per share for the last quarter, surpassing analysts' expectations of $0.02, along with a revenue of $3.20 billion.
• Sharp has a low debt-to-equity ratio of 0.06 and a P/E ratio of 8.88, suggesting a stable financial position in the market.

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.30 and traded as high as $1.42. Sharp shares last traded at $1.42, with a volume of 803 shares trading hands.

Sharp Stock Down 1.0%

The firm's 50-day simple moving average is $1.37 and its 200 day simple moving average is $1.30. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.61 and a current ratio of 0.85. The stock has a market capitalization of $3.69 billion, a P/E ratio of 8.88 and a beta of 0.64.

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

About Sharp

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.