Sharp (OTCMKTS:SHCAY) Sees Unusually-High Trading Volume – Should You Buy?

Sharp Corp. (OTCMKTS:SHCAY) saw an uptick in trading volume on Monday . 10,195 shares traded hands during trading, an increase of 74% from the previous session’s volume of 5,874 shares.The stock last traded at $1.18 and had previously closed at $1.17.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Sharp to a “hold” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Sharp Stock Up 0.9%

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.88. The firm has a market capitalization of $3.07 billion, a PE ratio of 7.87 and a beta of 0.52. The company has a fifty day moving average price of $1.26 and a 200-day moving average price of $1.27.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.29 billion. Sharp had a net margin of 2.95% and a return on equity of 19.42%. As a group, analysts expect that Sharp Corp. will post 0.01 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.