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

Seiko Epson Corp. (OTCMKTS:SEKEY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $8.33, but opened at $8.93. Seiko Epson shares last traded at $8.99, with a volume of 1,223 shares trading hands.

Seiko Epson Trading Up 5.1%

The stock has a market cap of $6.72 billion, a PE ratio of 44.95 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.28 and a current ratio of 2.16. The stock has a fifty day moving average price of $8.19 and a 200 day moving average price of $7.05.

Seiko Epson (OTCMKTS:SEKEY) last released its quarterly earnings results 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 company had revenue of $2.36 billion for 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 2.32%. Equities analysts expect that Seiko Epson Corp. will post 0.59 EPS 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.