Sharp (OTCMKTS:SHCAY) Stock Passes Above 200 Day Moving Average - What's Next?

Key Points

• Sharp Corp. (OTCMKTS:SHCAY) saw its stock price rise above the 200-day moving average of $1.29, reaching a peak of $1.35 during trading.
• The company reported a net margin of 3.12% and exceeded revenue expectations, posting $3.20 billion against a consensus estimate of $3.09 billion.
• Sharp's shares have a market capitalization of $3.47 billion and a price-to-earnings ratio of 8.34, indicating potential attractiveness for investors.

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.29 and traded as high as $1.35. Sharp shares last traded at $1.34, with a volume of 3,122 shares trading hands.

Sharp Stock Performance

The company has a quick ratio of 0.61, a current ratio of 0.85 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $1.40 and a 200 day simple moving average of $1.29. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 8.34 and a beta of 0.64.

Sharp (OTCMKTS:SHCAY - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.04 EPS for the quarter, beating 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 company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.09 billion. As a group, 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.

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.