Sharp (OTCMKTS:SHCAY) Stock Passes Above 200 Day Moving Average - Here's Why

Key Points

• Sharp Corporation's stock recently traded above its 200-day moving average of $1.31, reaching a high of $1.43 amid a volume of 1,302 shares.
• In its latest quarterly earnings report, Sharp posted an EPS of $0.04, exceeding analysts' expectations of $0.02, with a revenue of $3.20 billion surpassing forecasts.
• The company has a market capitalization of $3.71 billion and a relatively low debt-to-equity ratio of 0.06, indicating stable financial management.

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.31 and traded as high as $1.43. Sharp shares last traded at $1.43, with a volume of 1,302 shares changing hands.

Sharp Price Performance

The company has a market cap of $3.71 billion, a P/E ratio of 8.94 and a beta of 0.64. The company has a fifty day moving average price of $1.28 and a two-hundred day moving average price of $1.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.61 and a current ratio of 0.85.

Sharp (OTCMKTS:SHCAY - Get Free Report) last posted its quarterly 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. Sharp had a return on equity of 17.61% and a net margin of 3.12%.The business had revenue of $3.20 billion during the quarter, compared to analysts' expectations of $3.09 billion. On average, sell-side analysts anticipate 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.

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