Sharp (OTCMKTS:SHCAY) Announces Quarterly Earnings Results

Sharp (OTCMKTS:SHCAY) posted its earnings results on Friday. The company reported ($0.01) 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 Up 3.8 %

Shares of OTCMKTS SHCAY traded up $0.06 during trading on Friday, reaching $1.51. 2,917 shares of the stock were exchanged, compared to its average volume of 3,951. The business’s 50-day moving average price is $1.48 and its 200 day moving average price is $1.49. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of -4.44 and a beta of 0.77. Sharp has a twelve month low of $1.16 and a twelve month high of $1.74. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 3.15.

About Sharp

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.