Sharp (OTCMKTS:SHCAY) Shares Gap Up - What's Next?

Key Points

• Sharp Corp. shares gapped up from $1.30 to $1.40 prior to trading, concluding with a last traded price of $1.40 on a volume of 2,011 shares.
• For the quarter ending August 8th, Sharp posted $0.04 earnings per share, surpassing estimates of $0.02, and reported revenue of $3.20 billion, which also exceeded expectations.
• Sharp has a market capitalization of $3.73 billion and demonstrates a strong return on equity of 17.61% alongside a low debt-to-equity ratio of 0.06.

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $1.30, but opened at $1.40. Sharp shares last traded at $1.40, with a volume of 2,011 shares.

Sharp Stock Performance

The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 8.97 and a beta of 0.64. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of 0.06. The stock's 50 day moving average is $1.36 and its two-hundred day moving average is $1.30.

Sharp (OTCMKTS:SHCAY - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.09 billion. Sharp had a net margin of 3.12% and a return on equity of 17.61%. Analysts expect that Sharp Corp. will post 0.01 earnings per share 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.