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

Sharp Corp. (OTCMKTS:SHCAY) shares 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 shares of Sharp to a “hold” rating in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Sharp Price Performance

The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $2.60 billion, a P/E ratio of 3.57 and a beta of 0.58. The business’s fifty day moving average price is $1.14 and its 200-day moving average price is $1.27.

Sharp (OTCMKTS:SHCAY) last released its earnings results on Tuesday, February 10th. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. Sharp had a return on equity of 25.52% and a net margin of 5.57%.The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Sharp has set its FY 2025 guidance at 0.132-0.132 EPS. As a group, sell-side analysts predict that Sharp Corp. will post 0.01 earnings per share 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.