Sharp (OTCMKTS:SHCAY) Shares Gap Up – Time to Buy?

Sharp Corp. (OTCMKTS:SHCAY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $0.9301, but opened at $0.9784. Sharp shares last traded at $0.9780, with a volume of 1,384 shares traded.

Sharp Stock Up 5.1%

The company has a market capitalization of $2.54 billion, a P/E ratio of 13.97 and a beta of 0.63. The company’s 50-day simple moving average is $0.93 and its 200 day simple moving average is $0.92.

Sharp (OTCMKTS:SHCAY) last released its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Sharp had a return on equity of 11.62% and a net margin of 1.32%.The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.72 billion. As a group, equities research analysts forecast that Sharp Corp. will post 0.07 earnings per share for the current year.

Sharp Company Profile

Sharp Corporation, founded in 1912 by Tokuji Hayakawa and headquartered in Sakai, Osaka, is a Japanese multinational electronics manufacturer. Over its century-long history, Sharp has been recognized for pioneering products such as the Ever-Sharp mechanical pencil and for its sustained innovation in display technologies.

The company’s core offerings span consumer electronics and professional solutions, including LCD televisions, large-scale displays, mobile device components, multifunction printers, and energy products such as solar panels and energy storage systems.