Seiko Epson (OTCMKTS:SEKEY) Shares Gap Down – Here’s What Happened

Seiko Epson Corp. (OTCMKTS:SEKEY) shares gapped down before the market opened on Thursday . The stock had previously closed at $5.97, but opened at $5.75. Seiko Epson shares last traded at $5.75, with a volume of 173 shares changing hands.

Wall Street Analysts Forecast Growth

SEKEY has been the topic of several analyst reports. Nomura Securities raised Seiko Epson to a “strong-buy” rating in a research report on Monday, August 18th. Zacks Research upgraded Seiko Epson from a “strong sell” rating to a “hold” rating in a research note 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, Seiko Epson has a consensus rating of “Buy”.

Seiko Epson Stock Down 0.5%

The company has a quick ratio of 1.21, a current ratio of 2.17 and a debt-to-equity ratio of 0.23. The company has a market cap of $4.38 billion, a PE ratio of 11.27 and a beta of 0.82. The company’s fifty day moving average is $6.39 and its 200-day moving average is $6.42.

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. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.27 billion. Seiko Epson had a net margin of 3.71% and a return on equity of 6.25%. On average, analysts predict 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.