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

Key Points

• Sharp Corp. shares opened at $1.17, up from a previous close of $1.12, marking a 3.1% increase during trading.
• The company reported quarterly earnings of $0.03 per share, meeting analysts' expectations, but revenue of $3.39 billion fell short of the estimated $3.72 billion.
• Sharp has a market capitalization of $2.99 billion and a current ratio of 1.29, indicating a solid liquidity position.

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $1.12, but opened at $1.17. Sharp shares last traded at $1.14, with a volume of 295 shares.

Sharp Price Performance

The business has a 50 day simple moving average of $1.13 and a two-hundred day simple moving average of $1.34. The firm has a market capitalization of $2.96 billion, a P/E ratio of 12.67 and a beta of 0.70. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.97 and a current ratio of 1.29.

Sharp (OTCMKTS:SHCAY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.72 billion. Sharp had a return on equity of 0.33% and a net margin of 1.70%. On average, sell-side analysts expect that Sharp Corp. will post 0.01 EPS for the current fiscal 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.