Seiko Epson (OTCMKTS:SEKEY) Shares Down 5.7% – What’s Next?

Seiko Epson Corp. (OTCMKTS:SEKEY) dropped 5.7% during trading on Wednesday . The company traded as low as $8.6560 and last traded at $8.6560. Approximately 1,542 shares traded hands during trading, a decline of 94% from the average daily volume of 26,490 shares. The stock had previously closed at $9.1750.

Seiko Epson Stock Down 4.1%

The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 43.40 and a beta of 0.84. The business’s 50 day moving average price is $7.44 and its 200 day moving average price is $6.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.28 and a current ratio of 2.16.

Seiko Epson (OTCMKTS:SEKEY) last issued its quarterly earnings data on Friday, May 1st. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.24). The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.17 billion. Seiko Epson had a return on equity of 2.32% and a net margin of 1.35%. On average, equities analysts forecast 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.