Sharp (OTCMKTS:SHCAY) Shares Down 4.7% – Here’s What Happened

Sharp Corp. (OTCMKTS:SHCAY) shares dropped 4.7% on Monday . The stock traded as low as $0.96 and last traded at $0.96. 1,446 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 6,999 shares. The stock had previously closed at $1.0075.

Sharp Trading Down 5.9%

The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 13.71 and a beta of 0.66. The company has a quick ratio of 1.01, a current ratio of 1.44 and a debt-to-equity ratio of 1.26. The firm’s 50 day moving average is $0.94 and its two-hundred day moving average is $0.92.

Sharp (OTCMKTS:SHCAY) last released its quarterly earnings results on Friday, August 7th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Sharp had a net margin of 1.32% and a return on equity of 11.29%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.72 billion. Equities analysts anticipate that Sharp Corp. will post 0.07 EPS for the current year.

Sharp Company Profile

Sharp Corporation is a Japanese electronics company that develops and sells consumer, business and industrial products. Its product portfolio includes televisions, audio equipment, home appliances, air conditioners, microwave ovens, calculators and other electronic devices.

The company also supplies display panels and related technologies, including liquid-crystal and other advanced displays used in televisions, mobile devices, automobiles and business equipment. Sharp provides multifunction printers, point-of-sale systems, information displays, workplace solutions and other business-oriented products and services.

Founded in 1912, Sharp is headquartered in Sakai, Osaka, Japan, and serves customers through operations and distribution networks in Japan and international markets.