Seiko Epson (OTCMKTS:SEKEY) Trading Up 5.1% – What’s Next?

Seiko Epson Corp. (OTCMKTS:SEKEY)’s share price shot up 5.1% during trading on Tuesday . The stock traded as high as $6.64 and last traded at $6.64. 3,669 shares changed hands during trading, a decline of 94% from the average session volume of 58,438 shares. The stock had previously closed at $6.32.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Seiko Epson from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Seiko Epson currently has an average rating of “Buy”.

Seiko Epson Stock Performance

The firm has a fifty day moving average price of $6.24 and a 200 day moving average price of $6.37. The firm has a market capitalization of $4.78 billion, a PE ratio of 12.31 and a beta of 0.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.14 and a quick ratio of 1.17.

Seiko Epson (OTCMKTS:SEKEY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.27 billion. Seiko Epson had a net margin of 3.71% and a return on equity of 6.21%. Research analysts anticipate that Seiko Epson Corp. will post 0.48 earnings per share for the current fiscal 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.