Sharp (OTCMKTS:SHCAY) Share Price Passes Above 200 Day Moving Average – Here’s Why

Sharp Co. (OTCMKTS:SHCAY) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.49 and traded as high as $1.52. Sharp shares last traded at $1.52, with a volume of 2,921 shares.

Sharp Price Performance

The firm has a market cap of $3.66 billion, a P/E ratio of -4.15 and a beta of 0.78. The company has a fifty day moving average of $1.48 and a 200-day moving average of $1.49. The company has a debt-to-equity ratio of 3.15, a current ratio of 1.21 and a quick ratio of 0.88.

Sharp (OTCMKTS:SHCAY) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $3.79 billion during the quarter. Sharp had a negative net margin of 5.90% and a negative return on equity of 15.64%. On average, sell-side analysts anticipate that Sharp Co. will post 0.01 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.