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

Sharp logo with Consumer Discretionary background

Shares of Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) gapped down before the market opened 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.

Sharp Stock Performance

The stock has a 50 day moving average price of $1.22 and a two-hundred day moving average price of $1.39. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 12.25 and a beta of 0.70. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.29 and a quick ratio of 0.97.

Sharp (OTCMKTS:SHCAY - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.03 earnings per share for the quarter, hitting analysts' consensus estimates of $0.03. Sharp had a net margin of 1.70% and a return on equity of 0.33%. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.72 billion. On average, analysts predict that Sharp Corp. will post 0.01 EPS for the current fiscal year.

Sharp Company Profile

(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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