Seiko Epson (OTCMKTS:SEKEY) Upgraded by Zacks Research to Hold Rating

by · The Markets Daily

Zacks Research upgraded shares of Seiko Epson (OTCMKTS:SEKEY – Free Report) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Separately, Nomura Securities upgraded Seiko Epson to a “strong-buy” rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Seiko Epson currently has a consensus rating of “Buy”.

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Seiko Epson Price Performance

Shares of SEKEY opened at $6.67 on Monday. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 15.51 and a beta of 0.81. The stock has a 50 day moving average of $6.43 and a 200-day moving average of $6.79. The company has a current ratio of 2.17, a quick ratio of 1.21 and a debt-to-equity ratio of 0.23. Seiko Epson has a 52 week low of $6.11 and a 52 week high of $9.69.

Seiko Epson (OTCMKTS:SEKEY – Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $322.07 billion. Seiko Epson had a return on equity of 5.20% and a net margin of 3.14%. As a group, analysts forecast that Seiko Epson will post 0.48 EPS for the current year.

Seiko Epson Company Profile

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Seiko Epson Corporation, together with its subsidiaries, develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, manufacturing-related and wearables, and other businesses. It operates through three segments: Printing Solutions, Visual Communications, and Manufacturing-related and Wearables segments.

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