Seiko Epson (OTCMKTS:SEKEY) Sees Strong Trading Volume – What’s Next?

Seiko Epson Corp. (OTCMKTS:SEKEY) shares saw strong trading volume on Tuesday . Approximately 30,700 shares changed hands during trading, an increase of 22% from the previous session’s volume of 25,090 shares.The stock last traded at $8.69 and had previously closed at $8.65.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded shares of Seiko Epson from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Seiko Epson has an average rating of “Moderate Buy”.

Seiko Epson Trading Up 1.8%

The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 44.85 and a beta of 0.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.28 and a current ratio of 2.16. The company has a 50 day moving average price of $8.61 and a two-hundred day moving average price of $7.27.

Seiko Epson (OTCMKTS:SEKEY) last posted its quarterly earnings data on Friday, May 1st. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.24). Seiko Epson had a return on equity of 2.32% and a net margin of 1.35%.The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.17 billion. On average, research analysts forecast that Seiko Epson Corp. will post 0.59 EPS for the current year.

Seiko Epson Company Profile

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.