Sharp (OTCMKTS:SHCAY) Shares Gap Up – Here’s What Happened

Sharp Corp. (OTCMKTS:SHCAY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $0.9039, but opened at $0.99. Sharp shares last traded at $0.99, with a volume of 10,058 shares trading hands.

Sharp Stock Performance

The firm has a 50 day moving average of $0.92 and a 200-day moving average of $0.94. The stock has a market capitalization of $2.58 billion, a PE ratio of 14.16 and a beta of 0.63.

Sharp (OTCMKTS:SHCAY) last released its earnings results on Friday, August 7th. The company reported $0.01 earnings per share for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of $2.72 billion. On average, sell-side analysts predict that Sharp Corp. will post 0.07 earnings per share for the current year.

About Sharp

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.