Seiko Epson (OTCMKTS:SEKEY) Shares Gap Up – Should You Buy?

Seiko Epson Corp. (OTCMKTS:SEKEY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $6.15, but opened at $6.46. Seiko Epson shares last traded at $6.15, with a volume of 2,897 shares.

Analyst Upgrades and Downgrades

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

Seiko Epson Trading Up 0.2%

The business’s 50-day moving average price is $6.26 and its 200-day moving average price is $6.37. The firm has a market capitalization of $4.60 billion, a PE ratio of 11.85 and a beta of 0.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.17 and a quick ratio of 1.21.

Seiko Epson (OTCMKTS:SEKEY) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. Seiko Epson had a net margin of 3.71% and a return on equity of 6.25%. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.27 billion. As a group, analysts expect that Seiko Epson Corp. will post 0.48 earnings per share for the current fiscal year.

About Seiko Epson

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.