Seiko Epson (OTCMKTS:SEKEY) Shares Gap Up – Still a Buy?

Seiko Epson Corp. (OTCMKTS:SEKEY) gapped up before the market opened on Wednesday . The stock had previously closed at $7.9312, but opened at $8.91. Seiko Epson shares last traded at $8.91, with a volume of 1,072 shares changing hands.

Seiko Epson Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.28 and a current ratio of 2.16. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 44.43 and a beta of 0.72. The company has a fifty day moving average of $6.84 and a two-hundred day moving average of $6.53.

Seiko Epson (OTCMKTS:SEKEY) last released its quarterly earnings data on Friday, May 1st. The company reported ($0.17) earnings per share 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 firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.17 billion. Equities research analysts anticipate that Seiko Epson Corp. will post 0.59 EPS for the current 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.