Sharp (OTCMKTS:SHCAY) Hits New 12-Month Low – What’s Next?

Shares of Sharp Co. (OTCMKTS:SHCAY) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $1.11 and last traded at $1.12, with a volume of 5010 shares. The stock had previously closed at $1.13.

Sharp Price Performance

The firm has a market cap of $2.91 billion, a P/E ratio of -2.80 and a beta of 0.73. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 3.15. The stock’s 50-day moving average is $1.30 and its 200-day moving average is $1.43.

Sharp (OTCMKTS:SHCAY) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.72 billion. Sharp had a negative net margin of 7.12% and a negative return on equity of 17.10%. As a group, equities analysts anticipate that Sharp Co. will post 0.01 EPS for the current fiscal year.

About Sharp

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.