Sharp (OTCMKTS:SHCAY) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Sharp Co. (OTCMKTS:SHCAY)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.44 and traded as high as $1.58. Sharp shares last traded at $1.50, with a volume of 1,242 shares.

Sharp Stock Performance

The company has a quick ratio of 0.84, a current ratio of 1.17 and a debt-to-equity ratio of 2.52. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of -3.75 and a beta of 0.86. The company’s 50-day simple moving average is $1.56 and its 200-day simple moving average is $1.44.

Sharp (OTCMKTS:SHCAY) last announced its earnings results on Friday, August 9th. The company reported ($0.03) EPS for the quarter. Sharp had a negative net margin of 6.79% and a negative return on equity of 15.56%. The company had revenue of $3.41 billion for the quarter. Analysts predict 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.