Zacks Investment Research upgraded shares of Seiko Epson Corp (NASDAQ:SEKEY) from a hold rating to a buy rating in a report issued on Tuesday. Zacks Investment Research currently has $14.00 price target on the stock.

According to Zacks, “Seiko Epson Corporation is engaged in the development, manufacturing, sales, marketing and servicing of information-related equipment, electronic devices, precision products and other products. The Information Equipment segment manufactures and offers computers and peripherals, including PCs, printers, scanners and projectors. The Electronic Devices and Precision Equipment segment is engaged in the development, manufacture and sale of quartz devices, semiconductors, and displays, watches, plastic corrective lenses, and factory automation equipment. Seiko Epson Corporation has its head office in Suwa, Nagano. “

Seiko Epson Corp (NASDAQ:SEKEY) traded down 0.25% during midday trading on Tuesday, hitting $12.05. 1,062,000 shares of the company traded hands. The stock has a 50 day moving average price of $12.58 and a 200-day moving average price of $11.28. The company has a market cap of $8.49 billion and a PE ratio of 16.89. Seiko Epson Corp has a 12-month low of $9.00 and a 12-month high of $13.25.

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