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

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $1.13, but opened at $1.07. Sharp shares last traded at $1.07, with a volume of 21,010 shares traded.

Sharp Price Performance

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 stock's 50 day simple moving average is $1.28 and its two-hundred day simple moving average is $1.42. The firm has a market capitalization of $2.92 billion, a PE ratio of 12.50 and a beta of 0.73.

Sharp (OTCMKTS:SHCAY - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. Sharp had a net margin of 1.70% and a return on equity of 0.33%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.72 billion. On average, sell-side analysts forecast 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.