Jefferies Financial Group Downgrades Seiko Epson (OTCMKTS:SEKEY) to Hold

Seiko Epson (OTCMKTS:SEKEY) was downgraded by equities researchers at Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Seiko Epson Trading Down 0.2%

OTCMKTS SEKEY opened at $8.79 on Tuesday. The business has a 50 day simple moving average of $8.52 and a 200 day simple moving average of $7.19. Seiko Epson has a one year low of $5.75 and a one year high of $9.61. The stock has a market capitalization of $6.57 billion, a P/E ratio of 43.98 and a beta of 0.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.16 and a quick ratio of 1.28.

Seiko Epson (OTCMKTS:SEKEY) last issued its quarterly earnings results on Friday, May 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.24). The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.17 billion. Seiko Epson had a net margin of 1.35% and a return on equity of 2.32%. Research analysts expect that Seiko Epson will post 0.59 earnings per share for the current 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.