Sharp (OTCMKTS:SHCAY) Stock Price Crosses Above 200 Day Moving Average of $2.72

Shares of Sharp Co. (OTCMKTS:SHCAY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.72 and traded as high as $2.60. Sharp shares last traded at $2.62, with a volume of 3,560 shares trading hands.

A number of analysts recently weighed in on SHCAY shares. ValuEngine upgraded Sharp from a “hold” rating to a “buy” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. raised Sharp from a “neutral” rating to an “overweight” rating in a report on Monday, July 8th. Finally, Jefferies Financial Group raised Sharp from an “underperform” rating to a “hold” rating in a report on Thursday, August 8th.

The company has a 50-day moving average price of $2.93 and a two-hundred day moving average price of $2.72. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.40 and a quick ratio of 1.10. The company has a market cap of $5.55 billion, a PE ratio of 12.38 and a beta of 1.25.

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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