Sharp (OTCMKTS:SHCAY) Shares Gap Down - Should You Sell?

Key Points

• Sharp Corp. shares gapped down at the market open, dropping from a previous close of $1.45 to $1.38, and last traded at $1.43 with a volume of 562 shares.
• In its latest earnings report, Sharp reported $0.04 EPS, surpassing estimates, and had a revenue of $3.20 billion, exceeding analysts' expectations of $3.09 billion.
• The company has a market cap of $3.71 billion, a P/E ratio of 8.94, and a low debt-to-equity ratio of 0.06, indicating financial stability.

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $1.45, but opened at $1.38. Sharp shares last traded at $1.43, with a volume of 562 shares trading hands.

Sharp Stock Down 2.1%

The firm's fifty day moving average price is $1.27 and its 200-day moving average price is $1.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.61. The firm 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 posted its quarterly earnings data on Friday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $3.20 billion during the quarter, compared to analysts' expectations of $3.09 billion. Sharp had a net margin of 3.12% and a return on equity of 17.61%. As a group, equities research analysts forecast that Sharp Corp. will post 0.01 earnings per share 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.