Seiko Epson (OTCMKTS:SEKEY – Get Free Report) was downgraded by equities research analysts at Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.
Seiko Epson Price Performance
Shares of SEKEY opened at $8.79 on Tuesday. Seiko Epson has a fifty-two week low of $5.75 and a fifty-two week high of $9.61. The firm’s 50-day simple moving average is $8.52 and its two-hundred day simple moving average is $7.19. The stock has a market cap of $6.57 billion, a PE ratio of 43.98 and a beta of 0.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.28 and a current ratio of 2.16.
Seiko Epson (OTCMKTS:SEKEY – Get Free Report) last released its earnings results on Friday, May 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.24). Seiko Epson had a net margin of 1.35% and a return on equity of 2.32%. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Analysts anticipate that Seiko Epson will post 0.59 earnings per share 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.
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