Sharp (OTCMKTS:SHCAY) Shares Gap Down - What's Next?

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report)'s stock price gapped down before the market opened 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 0.4%

The stock has a 50 day moving average of $1.14 and a 200-day moving average of $1.35. The company has a market capitalization of $2.90 billion, a P/E ratio of 12.39 and a beta of 0.70. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 2.42.

Sharp (OTCMKTS:SHCAY - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.03 EPS for the quarter, hitting analysts' consensus estimates of $0.03. Sharp had a return on equity of 0.33% and a net margin of 1.70%. The company had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $3.72 billion. On average, research analysts predict 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.