Sharp (OTCMKTS:SHCAY) Share Price Crosses Above Two Hundred Day Moving Average of $0.00

Shares of Sharp Co. (OTCMKTS:SHCAY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $4.45. Sharp shares last traded at $4.45, with a volume of 2,214 shares traded.

SHCAY has been the subject of a number of recent analyst reports. Morgan Stanley cut shares of Sharp from an “equal weight” rating to an “underweight” rating in a research note on Monday, March 22nd. Mizuho lowered shares of Sharp from a “buy” rating to a “neutral” rating in a report on Thursday, February 18th.

The business has a 50 day simple moving average of $4.31. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.96 and a current ratio of 1.28. The firm has a market capitalization of $10.89 billion, a P/E ratio of 22.25 and a beta of 1.41.

Sharp (OTCMKTS:SHCAY) last posted its earnings results on Tuesday, May 11th. The company reported $0.07 EPS for the quarter. Sharp had a net margin of 2.15% and a return on equity of 15.23%. The company had revenue of $5.75 billion for the quarter. Equities analysts predict that Sharp Co. will post 0.21 earnings per share for the current fiscal year.

Sharp Company Profile (OTCMKTS:SHCAY)

Sharp Corporation manufactures and sales telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through three segments: Smart Life, 8K Ecosystem, and ICT. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, fans, dehumidifiers, humidifiers, electric heating equipment, plasma cluster ion generators, beauty equipment, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, camera modules, sensor modules, proximity sensors, dust sensors, wafer foundry, CMOS / CCD sensors, semiconductor lasers etc.

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