Sharp (OTCMKTS:SHCAY) Posts Quarterly Earnings Results

Sharp (OTCMKTS:SHCAY) announced its quarterly earnings results on Friday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. Sharp had a negative return on equity of 15.64% and a negative net margin of 5.90%. Sharp updated its FY 2024 guidance to EPS.

Sharp Stock Performance

Sharp stock traded up $0.06 during mid-day trading on Friday, hitting $1.51. 2,917 shares of the company’s stock traded hands, compared to its average volume of 3,951. The firm has a 50 day moving average price of $1.48 and a 200 day moving average price of $1.49. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 3.15. The company has a market cap of $3.92 billion, a PE ratio of -4.44 and a beta of 0.77. Sharp has a one year low of $1.16 and a one year high of $1.74.

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.