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

Seiko Epson Corp. (OTCMKTS:SEKEY) gapped up prior to trading 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 trading hands.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SEKEY. Zacks Research raised Seiko Epson from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Nomura Securities upgraded shares of Seiko Epson to a “strong-buy” rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Seiko Epson presently has an average rating of “Buy”.

Seiko Epson Trading Up 0.2%

The company has a current ratio of 2.17, a quick ratio of 1.21 and a debt-to-equity ratio of 0.23. The company has a market cap of $4.60 billion, a PE ratio of 11.85 and a beta of 0.64. The company has a fifty day simple moving average of $6.26 and a two-hundred day simple moving average of $6.37.

Seiko Epson (OTCMKTS:SEKEY) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.27 billion. Seiko Epson had a return on equity of 6.25% and a net margin of 3.71%. Analysts anticipate that Seiko Epson Corp. will post 0.48 EPS for the current 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.