Seiko Epson (OTCMKTS:SEKEY) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Seiko Epson Corp. (OTCMKTS:SEKEYGet Free Report) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.31 and traded as low as $6.15. Seiko Epson shares last traded at $6.18, with a volume of 2,905 shares.

Wall Street Analysts Forecast Growth

SEKEY has been the topic of a number of recent research reports. Zacks Research upgraded Seiko Epson from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Nomura Securities raised Seiko Epson to a “strong-buy” rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Seiko Epson has an average rating of “Buy”.

Check Out Our Latest Stock Report on SEKEY

Seiko Epson Trading Up 0.5%

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.17 and a quick ratio of 1.21. The company has a market capitalization of $4.62 billion, a P/E ratio of 11.88 and a beta of 0.82. The firm has a fifty day moving average price of $6.31 and a 200-day moving average price of $6.39.

Seiko Epson (OTCMKTS:SEKEYGet Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Seiko Epson had a return on equity of 6.25% and a net margin of 3.71%. On average, equities research analysts anticipate that Seiko Epson Corp. will post 0.48 earnings per share for the current year.

Seiko Epson Company Profile

(Get Free Report)

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.

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