Sharp (OTCMKTS:SHCAY) Shares Pass Above 200 Day Moving Average of $2.84

Sharp Co. (OTCMKTS:SHCAY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.84 and traded as high as $3.74. Sharp shares last traded at $3.74, with a volume of 155,614 shares.

A number of research firms have commented on SHCAY. ValuEngine raised Sharp from a “hold” rating to a “buy” rating in a report on Monday, August 12th. Citigroup cut Sharp from a “neutral” rating to a “sell” rating in a report on Wednesday, November 27th. Jefferies Financial Group raised Sharp from an “underperform” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Zacks Investment Research cut Sharp from a “hold” rating to a “sell” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold”.

The company has a quick ratio of 0.94, a current ratio of 1.23 and a debt-to-equity ratio of 1.83. The stock has a fifty day simple moving average of $3.34 and a 200 day simple moving average of $2.84. The firm has a market capitalization of $8.03 billion, a P/E ratio of 17.79 and a beta of 1.45.

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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