Seiko Epson (OTCMKTS:SEKEY) Sees Large Volume Increase – Here’s Why

Shares of Seiko Epson Corp. (OTCMKTS:SEKEY) saw unusually-strong trading volume on Tuesday . 30,700 shares changed hands during trading, an increase of 22% from the previous session’s volume of 25,090 shares.The stock last traded at $8.69 and had previously closed at $8.65.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut shares of Seiko Epson from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Seiko Epson Stock Up 6.2%

The company has a quick ratio of 1.28, a current ratio of 2.16 and a debt-to-equity ratio of 0.20. The stock’s 50-day simple moving average is $8.57 and its 200 day simple moving average is $7.23. The firm has a market cap of $6.60 billion, a P/E ratio of 44.20 and a beta of 0.85.

Seiko Epson (OTCMKTS:SEKEY) last posted its quarterly earnings data on Friday, May 1st. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.24). The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.17 billion. Seiko Epson had a return on equity of 2.32% and a net margin of 1.35%. As a group, research analysts forecast that Seiko Epson Corp. will post 0.59 EPS for the current fiscal 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.