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

Sharp Co. (OTCMKTS:SHCAY)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.43 and traded as high as $1.62. Sharp shares last traded at $1.60, with a volume of 882 shares trading hands.

Sharp Stock Up 1.3 %

The stock has a fifty day simple moving average of $1.52 and a two-hundred day simple moving average of $1.43. The firm has a market cap of $4.16 billion, a PE ratio of -4.21 and a beta of 0.86. The company has a current ratio of 1.17, a quick ratio of 0.84 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) EPS 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 expect that Sharp Co. will post 0.05 EPS 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.