Sharp (OTCMKTS:SHCAY) Sees Strong Trading Volume – Still a Buy?

Shares of Sharp Corp. (OTCMKTS:SHCAY) saw an uptick in trading volume on Wednesday. Approximately 7,623 shares changed hands during trading, an increase of 15% from the previous session’s volume of 6,641 shares. The stock last traded at $0.96 and had previously closed at $0.9696.

Sharp Trading Down 2.4%

The stock’s 50 day simple moving average is $0.96 and its 200 day simple moving average is $0.92. The firm has a market cap of $2.45 billion, a PE ratio of 13.44 and a beta of 0.65. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.01 and a current ratio of 1.44.

Sharp (OTCMKTS:SHCAY) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Sharp had a net margin of 1.32% and a return on equity of 11.29%. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.72 billion. On average, sell-side analysts forecast that Sharp Corp. will post 0.07 earnings per share for the current fiscal year.

About Sharp

Sharp Corporation is a Japanese electronics company that develops and markets consumer electronics, business equipment and electronic components. Its product portfolio has included televisions and displays, audio and video equipment, refrigerators, microwave ovens, air conditioners, air purifiers, and other home appliances. The company also provides office solutions, including multifunction printers and related business systems.

Sharp is also active in display technologies, semiconductor-related products and electronic components, as well as solar and other energy-related solutions.