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

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) shares 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 Stock Up 3.1%

The stock has a fifty day simple moving average of $1.14 and a two-hundred day simple moving average of $1.35. 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 firm has a market cap of $2.99 billion, a PE ratio of 12.78 and a beta of 0.70.

Sharp (OTCMKTS:SHCAY - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.72 billion. As a group, sell-side analysts expect that Sharp Corp. will post 0.01 EPS for the current fiscal year.

About Sharp

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.