Seiko Epson (OTCMKTS:SEKEY) Shares Gap Up – Time to Buy?

Seiko Epson Corp. (OTCMKTS:SEKEY) gapped up prior to trading on Monday . The stock had previously closed at $8.86, but opened at $9.38. Seiko Epson shares last traded at $9.42, with a volume of 3,014 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered shares of Seiko Epson from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Seiko Epson currently has a consensus rating of “Moderate Buy”.

Seiko Epson Stock Performance

The company has a market cap of $7.02 billion, a P/E ratio of 47.00 and a beta of 0.85. The company has a 50 day moving average price of $8.66 and a 200-day moving average price of $7.31. The company has a quick ratio of 1.28, a current ratio of 2.16 and a debt-to-equity ratio of 0.20.

Seiko Epson (OTCMKTS:SEKEY) last issued its quarterly earnings results on Friday, May 1st. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.24). The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.17 billion. Seiko Epson had a net margin of 1.35% and a return on equity of 2.32%. Equities analysts expect that Seiko Epson Corp. will post 0.59 EPS 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.