Sharp (OTCMKTS:SHCAY) Sees Large Volume Increase – Still a Buy?

Sharp Corp. (OTCMKTS:SHCAY) saw strong trading volume on Friday . 17,615 shares changed hands during mid-day trading, an increase of 98% from the previous session’s volume of 8,885 shares.The stock last traded at $1.07 and had previously closed at $1.2025.

Analyst Ratings Changes

Separately, Zacks Research raised Sharp to a “hold” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sharp has a consensus rating of “Hold”.

Sharp Stock Up 0.5%

The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 3.84 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.88 and a quick ratio of 0.65. The business has a 50 day simple moving average of $1.17 and a 200 day simple moving average of $1.28.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Sharp had a return on equity of 25.52% and a net margin of 5.57%.Sharp has set its FY 2025 guidance at 0.132-0.132 EPS. As a group, equities analysts predict that Sharp Corp. will post 0.01 earnings per share for the current fiscal year.

Sharp Company Profile

Sharp Corporation, founded in 1912 by Tokuji Hayakawa and headquartered in Sakai, Osaka, is a Japanese multinational electronics manufacturer. Over its century-long history, Sharp has been recognized for pioneering products such as the Ever-Sharp mechanical pencil and for its sustained innovation in display technologies.

The company’s core offerings span consumer electronics and professional solutions, including LCD televisions, large-scale displays, mobile device components, multifunction printers, and energy products such as solar panels and energy storage systems.