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

Seiko Epson Corp. (OTCMKTS:SEKEY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $8.86, but opened at $9.38. Seiko Epson shares last traded at $9.42, with a volume of 3,014 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut shares of Seiko Epson from a “strong-buy” rating to a “hold” rating in a research report 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 stock. According to MarketBeat, Seiko Epson presently has a consensus rating of “Moderate Buy”.

Seiko Epson Stock Performance

The stock has a market capitalization of $6.77 billion, a PE ratio of 45.30 and a beta of 0.85. 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 firm has a 50 day moving average of $8.71 and a 200-day moving average of $7.35.

Seiko Epson (OTCMKTS:SEKEY) last released its earnings results 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). The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Seiko Epson had a net margin of 1.35% and a return on equity of 2.32%. Research analysts forecast that Seiko Epson Corp. will post 0.59 earnings per share 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.