Sharp (OTCMKTS:SHCAY) Stock Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Sharp Corp. (OTCMKTS:SHCAY) recently crossed its 200-day moving average, trading at $1.40 after hitting a high of $1.42.
• The company reported earnings of $0.04 per share for the quarter, exceeding estimates, with revenue of $3.20 billion compared to expectations of $3.09 billion.
• Sharp has a market capitalization of $3.64 billion and a P/E ratio of 8.75, indicating potential value according to its financial metrics.

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.31 and traded as high as $1.42. Sharp shares last traded at $1.40, with a volume of 9,858 shares.

Sharp Stock Performance

The firm has a market capitalization of $3.64 billion, a P/E ratio of 8.75 and a beta of 0.64. The company's 50 day moving average is $1.32 and its 200-day moving average is $1.31. The company has a quick ratio of 0.61, a current ratio of 0.85 and a debt-to-equity ratio of 0.06.

Sharp (OTCMKTS:SHCAY - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $3.20 billion for 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%. As a group, equities analysts anticipate 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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