Sharp (OTCMKTS:SHCAY) Shares Gap Down – Should You Sell?

Sharp Corp. (OTCMKTS:SHCAY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $1.01, but opened at $0.95. Sharp shares last traded at $0.95, with a volume of 118 shares traded.

Sharp Stock Down 5.9%

The firm has a market capitalization of $2.47 billion, a P/E ratio of 13.57 and a beta of 0.66. The company has a current ratio of 1.44, a quick ratio of 1.01 and a debt-to-equity ratio of 1.26. The company’s fifty day simple moving average is $0.94 and its 200 day simple moving average is $0.91.

Sharp (OTCMKTS:SHCAY) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Sharp had a net margin of 1.32% and a return on equity of 11.29%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Research analysts expect that Sharp Corp. will post 0.07 EPS for the current year.

About Sharp

Sharp Corporation is a Japanese electronics company that develops and sells consumer, business and industrial products. Its product portfolio includes televisions, audio equipment, home appliances, air conditioners, microwave ovens, calculators and other electronic devices.

The company also supplies display panels and related technologies, including liquid-crystal and other advanced displays used in televisions, mobile devices, automobiles and business equipment. Sharp provides multifunction printers, point-of-sale systems, information displays, workplace solutions and other business-oriented products and services.

Founded in 1912, Sharp is headquartered in Sakai, Osaka, Japan, and serves customers through operations and distribution networks in Japan and international markets.