Seiko Epson (OTCMKTS:SEKEY) Trading 5.1% Higher – Time to Buy?

Seiko Epson Corp. (OTCMKTS:SEKEY)’s share price traded up 5.1% during mid-day trading on Tuesday . The company traded as high as $6.64 and last traded at $6.64. 3,669 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 58,438 shares. The stock had previously closed at $6.32.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Seiko Epson from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Seiko Epson Trading Down 1.4%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 2.14. The firm has a market capitalization of $4.70 billion, a PE ratio of 12.08 and a beta of 0.64. The stock’s 50-day simple moving average is $6.25 and its 200-day simple moving average is $6.37.

Seiko Epson (OTCMKTS:SEKEY) last announced its earnings results on Wednesday, November 5th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Seiko Epson had a net margin of 3.71% and a return on equity of 6.21%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.27 billion. As a group, sell-side analysts expect that Seiko Epson Corp. will post 0.48 EPS for the current fiscal 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.