Sharp (OTCMKTS:SHCAY) Shares Gap Up - Still a Buy?

Key Points

• Sharp Corp. shares experienced a gap up, opening at $1.43 after closing at $1.37, with the last trade at $1.42 and a volume of 509 shares.
• The company reported a $0.04 EPS for the latest quarter, exceeding analysts' estimates of $0.02, and revenue also surpassed expectations at $3.20 billion.
• Sharp has a market capitalization of $3.56 billion, a price-to-earnings ratio of 8.58, and a low debt-to-equity ratio of 0.06, indicating potentially stable financial positioning.

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $1.37, but opened at $1.43. Sharp shares last traded at $1.42, with a volume of 509 shares.

Sharp Trading Down 2.7%

The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 8.58 and a beta of 0.64. The firm has a 50-day moving average price of $1.40 and a 200-day moving average price of $1.29. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of 0.06.

Sharp (OTCMKTS:SHCAY - Get Free Report) last released its earnings results on Friday, August 8th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.09 billion. Sharp had a net margin of 3.12% and a return on equity of 17.61%. As a group, sell-side analysts predict that Sharp Corp. will post 0.01 EPS for the current 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.

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