Sharp (OTCMKTS:SHCAY) Shares Up 9.6% – What’s Next?

Sharp Corp. (OTCMKTS:SHCAY)’s share price was up 9.6% on Monday . The company traded as high as $0.9909 and last traded at $0.9909. 12,729 shares were traded during mid-day trading, an increase of 74% from the average session volume of 7,307 shares. The stock had previously closed at $0.9039.

Sharp Price Performance

The stock has a market cap of $2.58 billion, a PE ratio of 14.16 and a beta of 0.63. The stock has a 50-day simple moving average of $0.92 and a 200-day simple moving average of $0.94.

Sharp (OTCMKTS:SHCAY) last released its quarterly earnings data on Friday, August 7th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.72 billion. Sharp had a return on equity of 11.62% and a net margin of 1.32%. As a group, equities research analysts anticipate that Sharp Corp. will post 0.07 EPS for the current year.

About Sharp

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.