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

Seiko Epson Corp. (OTCMKTS:SEKEY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $5.87, but opened at $6.14. Seiko Epson shares last traded at $6.1950, with a volume of 53,982 shares trading hands.

Seiko Epson Stock Up 0.4%

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 stock has a market cap of $4.62 billion, a P/E ratio of 13.76 and a beta of 0.67. The company’s 50 day moving average price is $6.49 and its two-hundred day moving average price is $6.39.

Seiko Epson (OTCMKTS:SEKEY) last announced its earnings results on Tuesday, February 3rd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Seiko Epson had a net margin of 3.11% and a return on equity of 5.27%. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Equities analysts forecast that Seiko Epson Corp. will post 0.48 earnings per share for the current 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.