Sharp (OTCMKTS:SHCAY) Sees Large Volume Increase – Still a Buy?

Sharp Corp. (OTCMKTS:SHCAY) shares saw strong trading volume on Tuesday. Approximately 15,126 shares changed hands during trading, an increase of 131% from the average daily volume of 6,540 shares. The stock last traded at $0.8610 and had previously closed at $0.86.

Sharp Price Performance

The company’s 50 day simple moving average is $0.95 and its 200 day simple moving average is $0.95. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.44 and a quick ratio of 1.01. The stock has a market cap of $2.24 billion, a P/E ratio of 12.30 and a beta of 0.65.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $2.72 billion.

About Sharp

Sharp Corporation is a Japanese electronics company that develops and sells consumer and business technology products. Its portfolio includes televisions, smartphones, home appliances, air purifiers, microwave ovens, audio equipment and other products sold under the Sharp and AQUOS brands. The company is also known for its Plasmacluster air-treatment technology.

Sharp serves customers in Japan and international markets, with operations spanning consumer electronics, business solutions, display technologies and electronic components.