Seiko Epson Corp. (OTCMKTS:SEKEY) Short Interest Update

Seiko Epson Corp. (OTCMKTS:SEKEY) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 19,803 shares, a growth of 156.6% from the June 30th total of 7,718 shares. Based on an average daily volume of 27,046 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut Seiko Epson from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Seiko Epson Stock Up 5.8%

SEKEY stock traded up $0.51 during trading hours on Monday, reaching $9.37. 7,150 shares of the stock were exchanged, compared to its average volume of 24,669. The firm’s 50-day moving average is $8.66 and its 200-day moving average is $7.31. Seiko Epson has a 12 month low of $5.75 and a 12 month high of $9.61. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 46.85 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) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.24). The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.17 billion. Seiko Epson had a net margin of 1.35% and a return on equity of 2.32%. On average, equities 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.