Seiko Epson (OTCMKTS:SEKEY) Shares Gap Up – Here’s Why

Shares of Seiko Epson Corp. (OTCMKTS:SEKEY) gapped up before the market opened on Tuesday . The stock had previously closed at $5.87, but opened at $6.14. Seiko Epson shares last traded at $6.1950, with a volume of 53,982 shares trading hands.

Seiko Epson Stock Down 0.4%

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.13 and a quick ratio of 1.22. The stock has a market capitalization of $4.62 billion, a P/E ratio of 13.74 and a beta of 0.67. The stock’s fifty day moving average is $6.48 and its two-hundred day moving average is $6.39.

Seiko Epson (OTCMKTS:SEKEY) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. Seiko Epson had a return on equity of 5.27% and a net margin of 3.11%.The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.31 billion. As a group, research analysts predict that Seiko Epson Corp. will post 0.48 earnings per share for the current fiscal year.

About Seiko Epson

Seiko Epson Corporation is a Japanese electronics company known for its broad portfolio of imaging and printing solutions, as well as precision devices and microelectronics. The company’s core offerings include inkjet, laser and dye-sublimation printers for home, office and industrial use, desktop scanners, and 3LCD projectors. Epson also manufactures compact, energy-efficient robotics and automation systems, as well as semiconductors and sensors that support applications in automotive, healthcare and other sectors.

Established in 1942 as Suwa Seikosha Co, Ltd., the business first adopted the “Epson” name in 1968 with the release of the EP-101 electronic printer—so named as the “son of the electronic printer.” In 1982, the company formally became Seiko Epson Corporation, reflecting its integration within the broader Seiko Group.