Sharp (OTCMKTS:SHCAY) Sees Strong Trading Volume – Here’s What Happened

Shares of Sharp Corp. (OTCMKTS:SHCAY) saw unusually-strong trading volume on Friday . 17,615 shares traded hands during mid-day trading, an increase of 98% from the previous session’s volume of 8,885 shares.The stock last traded at $1.07 and had previously closed at $1.2025.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Sharp to a “hold” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Sharp Stock Down 0.9%

The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 3.79 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.88 and a quick ratio of 0.65. The business has a fifty day moving average price of $1.17 and a two-hundred day moving average price of $1.28.

Sharp (OTCMKTS:SHCAY) last issued its earnings results on Tuesday, February 10th. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. Sharp had a return on equity of 25.52% and a net margin of 5.57%.The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.14 billion. Sharp has set its FY 2025 guidance at 0.132-0.132 EPS. On average, equities analysts expect that Sharp Corp. will post 0.01 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.