Sharp (OTCMKTS:SHCAY) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Sharp Co. (OTCMKTS:SHCAY) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.44 and traded as high as $1.58. Sharp shares last traded at $1.50, with a volume of 1,242 shares changing hands.

Sharp Stock Down 3.3 %

The firm’s fifty day simple moving average is $1.55 and its 200 day simple moving average is $1.45. The company has a quick ratio of 0.84, a current ratio of 1.17 and a debt-to-equity ratio of 2.52.

Sharp (OTCMKTS:SHCAY) last released its earnings results on Friday, August 9th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $3.41 billion for the quarter. Sharp had a negative net margin of 6.79% and a negative return on equity of 15.56%. As a group, analysts anticipate that Sharp Co. will post 0.05 earnings per share for the current fiscal year.

Sharp Company Profile

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.