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

Sharp logo with Consumer Discretionary background

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) gapped down prior to trading 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 changing hands.

Sharp Price Performance

The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 12.36 and a beta of 0.73. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 2.42. The company's 50 day moving average is $1.29 and its 200 day moving average is $1.43.

Sharp (OTCMKTS:SHCAY - Get Free Report) last posted its 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 business had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $3.72 billion. Research analysts anticipate that Sharp Corp. will post 0.01 EPS for the current fiscal year.

About Sharp

(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.

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