Seiko Epson Corp. (OTCMKTS:SEKEY – Get Free Report) shares gapped down prior to trading on Friday. The stock had previously closed at $9.82, but opened at $8.5050. Seiko Epson shares last traded at $8.5050, with a volume of 1,538 shares changing hands.
Wall Street Analysts Forecast Growth
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 Hold rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.
Check Out Our Latest Report on Seiko Epson
Seiko Epson Price Performance
The stock has a fifty day moving average of $10.24 and a 200-day moving average of $8.35. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 32.75 and a beta of 1.01.
Seiko Epson (OTCMKTS:SEKEY – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Seiko Epson had a net margin of 1.71% and a return on equity of 2.97%. On average, equities research analysts predict that Seiko Epson Corp. will post 0.68 EPS for the current fiscal year.
About Seiko Epson
Seiko Epson Corporation is a Japan-based technology company that develops and manufactures imaging, printing, visual communications, and precision products. The company is best known for its Epson brand of inkjet printers, multifunction devices, scanners, and business and industrial printing systems.
Epson also produces projectors and other visual communication equipment, industrial robots and automation systems, microdevices, electronic components, and related solutions. Its product portfolio serves consumers, businesses, schools, commercial printers, manufacturers, and other institutional customers.
The company traces its origins to Daiwa Kogyo, founded in 1942 in Suwa, Japan, and adopted the Epson name in the 1970s.
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