Seiko Epson (OTCMKTS:SEKEY) Shares Gap Up – Time to Buy?

by · The Markets Daily

Seiko Epson Corp. (OTCMKTS:SEKEY – Get Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $6.35, but opened at $6.68. Seiko Epson shares last traded at $6.41, with a volume of 8,070 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SEKEY shares. Nomura Securities raised shares of Seiko Epson to a “strong-buy” rating in a report on Monday, August 18th. Zacks Research upgraded shares of Seiko Epson from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy”.

View Our Latest Report on Seiko Epson

Seiko Epson Stock Performance

The company has a current ratio of 2.14, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company has a market cap of $4.77 billion, a PE ratio of 12.29 and a beta of 0.64. The firm’s fifty day moving average is $6.24 and its 200 day moving average is $6.37.

Seiko Epson (OTCMKTS:SEKEY – Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Seiko Epson had a net margin of 3.71% and a return on equity of 6.21%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.27 billion. As a group, research analysts predict that Seiko Epson Corp. will post 0.48 EPS for the current fiscal year.

Seiko Epson Company Profile

(Get Free Report)

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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