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.


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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