Sharp (OTCMKTS:SHCAY) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Sharp Co. (OTCMKTS:SHCAY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.41 and traded as high as $1.68. Sharp shares last traded at $1.68, with a volume of 12,090 shares.

Sharp Stock Performance

The firm has a fifty day moving average of $1.49 and a 200-day moving average of $1.41. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of -4.42 and a beta of 0.86. 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 quarterly earnings results on Friday, August 9th. The company reported ($0.03) earnings per share for the quarter. Sharp had a negative return on equity of 15.56% and a negative net margin of 6.79%. The company had revenue of $3.41 billion during the quarter. As a group, sell-side analysts anticipate that Sharp Co. will post 0.05 EPS for the current 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.