Sharp (OTCMKTS:SHCAY) Sees Strong Trading Volume – What’s Next?

Shares of Sharp Corp. (OTCMKTS:SHCAY) saw unusually-strong trading volume on Monday . Approximately 10,195 shares were traded during trading, an increase of 74% from the previous session’s volume of 5,874 shares.The stock last traded at $1.18 and had previously closed at $1.17.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Sharp to a “hold” rating in a research report on Tuesday, November 11th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sharp has a consensus rating of “Hold”.

Sharp Stock Performance

The company has a market cap of $3.07 billion, a PE ratio of 7.87 and a beta of 0.52. 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 50-day moving average of $1.26 and a 200 day moving average of $1.27.

Sharp (OTCMKTS:SHCAY) last released its quarterly earnings results on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Sharp had a return on equity of 19.42% and a net margin of 2.95%.The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.29 billion. Equities research analysts anticipate that Sharp Corp. will post 0.01 EPS for the current fiscal 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.