Free Trial

Sharp (OTCMKTS:SHCAY) Shares Gap Down - Here's What Happened

Sharp logo with Consumer Discretionary background

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $1.06, but opened at $1.01. Sharp shares last traded at $1.06, with a volume of 256 shares trading hands.

Sharp Trading Down 1.1%

The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.97 and a current ratio of 1.29. The company's 50 day moving average price is $1.16 and its 200 day moving average price is $1.36. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 11.61 and a beta of 0.70.

Sharp (OTCMKTS:SHCAY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.72 billion. Sharp had a net margin of 1.70% and a return on equity of 0.33%. Research analysts anticipate that Sharp Corp. will post 0.01 EPS 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

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.

Should You Invest $1,000 in Sharp Right Now?

Before you consider Sharp, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sharp wasn't on the list.

While Sharp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

AI Stocks Are Printing Money — These 3 Are Just Getting Started
Why Drone Stocks Are Skyrocketing Right Now!
Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines