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

Shares of Sharp Corp. (OTCMKTS:SHCAY) gapped down before the market opened on Wednesday . The stock had previously closed at $1.0250, but opened at $0.9311. Sharp shares last traded at $1.0025, with a volume of 527 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Sharp to a “hold” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Sharp currently has an average rating of “Hold”.

Sharp Price Performance

The firm has a market cap of $2.60 billion, a P/E ratio of 3.57 and a beta of 0.58. The business has a 50-day simple moving average of $1.14 and a 200 day simple moving average of $1.27. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.88.

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