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Sharp (OTCMKTS:SHCAY) Shares Gap Down - Time to Sell?

Sharp logo with Consumer Discretionary background

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $1.13, but opened at $1.10. Sharp shares last traded at $1.10, with a volume of 477 shares changing hands.

Sharp Price Performance

The stock's 50 day simple moving average is $1.21 and its 200 day simple moving average is $1.38. 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 firm has a market capitalization of $2.73 billion, a P/E ratio of 11.67 and a beta of 0.70.

Sharp (OTCMKTS:SHCAY - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.03 earnings per share for the quarter, meeting 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 during the quarter, compared to analyst estimates of $3.72 billion. As a group, analysts expect that Sharp Corp. will post 0.01 earnings per share 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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