Sharp (OTCMKTS:SHCAY) Shares Gap Down – Should You Sell?

Shares of Sharp Corp. (OTCMKTS:SHCAY) gapped down prior to trading on Monday . The stock had previously closed at $0.9693, but opened at $0.9117. Sharp shares last traded at $0.9117, with a volume of 2,559 shares trading hands.

Sharp Price Performance

The stock has a market cap of $2.33 billion, a PE ratio of 12.78 and a beta of 0.63. The business has a 50 day moving average price of $0.92 and a two-hundred day moving average price of $0.93.

Sharp (OTCMKTS:SHCAY) last issued its earnings results on Friday, August 7th. The company reported $0.01 earnings per share (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 11.62%. 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, 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.