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

Seiko Epson Corp. (OTCMKTS:SEKEY) gapped up prior to trading on Friday . The stock had previously closed at $6.35, but opened at $6.50. Seiko Epson shares last traded at $6.44, with a volume of 337 shares traded.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SEKEY shares. Zacks Research raised Seiko Epson from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Nomura Securities raised Seiko Epson to a “strong-buy” rating in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Seiko Epson Trading Up 1.4%

The stock has a fifty day moving average of $6.48 and a 200 day moving average of $6.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.21 and a current ratio of 2.17. The company has a market capitalization of $4.81 billion, a PE ratio of 14.98 and a beta of 0.81.

Seiko Epson (OTCMKTS:SEKEY) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Seiko Epson had a return on equity of 5.20% and a net margin of 3.14%.The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $322.07 billion. As a group, sell-side analysts predict that Seiko Epson Corp. will post 0.48 earnings per share for the current fiscal year.

About Seiko Epson

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.