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Sharp (OTCMKTS:SHCAY) Stock Price Passes Above 200-Day Moving Average - Here's Why

Sharp logo with Consumer Discretionary background

Shares of Sharp Co. (OTCMKTS:SHCAY - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.52 and traded as high as $1.58. Sharp shares last traded at $1.58, with a volume of 291 shares.

Sharp Trading Up 0.7 %

The firm has a market cap of $3.87 billion, a P/E ratio of -3.73 and a beta of 0.71. The firm has a fifty day simple moving average of $1.54 and a 200-day simple moving average of $1.52. 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 - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The company reported ($0.01) earnings per share (EPS) for the quarter. Sharp had a negative net margin of 7.12% and a negative return on equity of 17.10%. On average, equities research analysts expect that Sharp Co. will post 0.01 earnings per share for the current year.

About Sharp

(Get Free Report)

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.

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