Sharp (OTCMKTS:SHCAY) Share Price Crosses Above Two Hundred Day Moving Average of $2.69

Sharp Co. (OTCMKTS:SHCAY)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.69 and traded as high as $2.90. Sharp shares last traded at $2.86, with a volume of 556 shares changing hands.

Several research analysts have commented on the stock. Jefferies Financial Group raised shares of Sharp from an “underperform” rating to a “hold” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. raised shares of Sharp from a “neutral” rating to an “overweight” rating in a report on Monday, July 8th. Finally, ValuEngine raised shares of Sharp from a “hold” rating to a “buy” rating in a report on Monday, August 12th.

The company’s fifty day simple moving average is $2.70 and its 200 day simple moving average is $2.69. The company has a current ratio of 1.24, a quick ratio of 0.94 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $5.97 billion, a P/E ratio of 13.71 and a beta of 1.31.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.04 EPS for the quarter. Sharp had a net margin of 2.83% and a negative return on equity of 159.01%. The firm had revenue of $4.69 billion during the quarter. Equities research analysts predict that Sharp Co. will post 0.27 earnings per share for the current year.

Sharp Company Profile (OTCMKTS:SHCAY)

Sharp Corporation manufactures and distributes electronic communication equipment, electronic equipment, electronic application equipment, and electronic components in Japan, the Americas, Europe, China, and internationally. It operates through four segments: Smart Homes, Smart Business Solutions, Internet of Things (IoT) Electronics Devices, and Advance Display Systems.

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