Seiko Epson (OTCMKTS:SEKEY) Hits New 1-Year High – Here’s Why

Seiko Epson Corp. (OTCMKTS:SEKEY)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $7.98 and last traded at $7.97, with a volume of 10128 shares. The stock had previously closed at $7.8250.

Seiko Epson Trading Up 1.9%

The company has a current ratio of 2.13, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm has a market cap of $5.95 billion, a PE ratio of 39.85 and a beta of 0.72. The company’s 50-day moving average is $6.62 and its 200 day moving average is $6.46.

Seiko Epson (OTCMKTS:SEKEY) last issued its quarterly earnings results on Friday, May 1st. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.24). The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Seiko Epson had a net margin of 1.35% and a return on equity of 2.31%. As a group, sell-side analysts predict that Seiko Epson Corp. will post 0.59 EPS for the current year.

About Seiko Epson

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.