Sharp (OTCMKTS:SHCAY) Share Price Crosses Above 200-Day Moving Average of $2.69

Shares of Sharp Co. (OTCMKTS:SHCAY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.69 and traded as high as $2.90. Sharp shares last traded at $2.86, with a volume of 556 shares trading hands.

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Sharp from a “neutral” rating to an “overweight” rating in a research report on Monday, July 8th. Jefferies Financial Group upgraded shares of Sharp from an “underperform” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, ValuEngine upgraded shares of Sharp from a “hold” rating to a “buy” rating in a research report on Monday, August 12th.

The company has a quick ratio of 0.94, a current ratio of 1.24 and a debt-to-equity ratio of 2.01. The firm’s 50-day moving average is $2.70 and its 200-day moving average is $2.69. The company has a market cap of $5.97 billion, a PE ratio of 13.71 and a beta of 1.31.



Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.04 earnings per share (EPS) for the quarter. Sharp had a net margin of 2.83% and a negative return on equity of 159.01%. The company had revenue of $4.69 billion for the quarter. As a group, equities research analysts anticipate that Sharp Co. will post 0.27 EPS for the current fiscal year.

About Sharp (OTCMKTS:SHCAY)

Sharp Corporation manufactures and distributes electronic communication equipment, electronic equipment, electronic application equipment, and electronic components in Japan, the Americas, Europe, China, and internationally. It operates through four segments: Smart Homes, Smart Business Solutions, Internet of Things (IoT) Electronics Devices, and Advance Display Systems.

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