Sharp (OTCMKTS:SHCAY) Shares Gap Up – Here’s What Happened

Sharp Corp. (OTCMKTS:SHCAY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $1.11, but opened at $1.1680. Sharp shares last traded at $1.17, with a volume of 695 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Sharp to a “hold” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Sharp Trading Up 4.6%

The firm has a market cap of $3.13 billion, a P/E ratio of 4.29 and a beta of 0.58. The stock has a 50 day simple moving average of $1.17 and a 200-day simple moving average of $1.28. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05.

Sharp (OTCMKTS:SHCAY) last posted its earnings results on Tuesday, February 10th. The company reported $0.03 EPS for the quarter. Sharp had a return on equity of 25.52% and a net margin of 5.57%.The firm had revenue of $3.03 billion during the quarter. Sharp has set its FY 2025 guidance at 0.132-0.132 EPS. On average, equities research analysts expect 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.