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 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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