Sharp (OTCMKTS:SHCAY) Shares Gap Down – Time to Sell?

Sharp Corp. (OTCMKTS:SHCAY)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $0.8430, but opened at $0.7862. Sharp shares last traded at $0.7862, with a volume of 100 shares changing hands.

Sharp Trading Up 3.0%

The company has a current ratio of 1.44, a quick ratio of 1.01 and a debt-to-equity ratio of 1.26. The company has a 50-day simple moving average of $0.93 and a 200 day simple moving average of $0.94. The firm has a market cap of $2.09 billion, a PE ratio of 11.48 and a beta of 0.72.

Sharp (OTCMKTS:SHCAY) last posted its earnings results on Monday, November 9th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. Sharp had a net margin of 1.32% and a return on equity of 11.29%.

Sharp Company Profile

Sharp Corporation is a Japanese electronics company that develops and sells products for consumers and businesses. Its offerings include home appliances such as televisions, refrigerators, air conditioners and microwave ovens, as well as office equipment, including multifunction printers and copiers.

The company also makes display products and electronic components, including LCD panels and related technologies, and provides business and information systems. Sharp serves customers in Japan and international markets.

Founded in Tokyo in 1912 by Tokuji Hayakawa, the company takes its name from the Ever-Sharp mechanical pencil, an early product developed by Hayakawa.