Seiko Epson (OTCMKTS:SEKEY) Shares Gap Down - Should You Sell?
Seiko Epson Corp. (OTCMKTS:SEKEY) shares gapped down from $5.97 to $5.75 before the market opened on Thursday. Despite this, analysts have mixed ratings: Nomura Securities upgraded it to 'strong-buy', while Zacks Research moved it to 'hold'. The company reported better-than-expected quarterly earnings and has a market cap of $4.38 billion. Analysts forecast a 0.48 EPS for the fiscal year. Seiko Epson operates in printing solutions, visual communications, and manufacturing-related segments.
Seiko Epson Corp. (OTCMKTS:SEKEY - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $5.97, but opened at $5.75. Seiko Epson shares last traded at $5.75, with a volume of 173 shares changing hands.
Wall Street Analysts Forecast Growth
SEKEY has been the subject of several research reports. Nomura Securities raised Seiko Epson to a "strong-buy" rating in a research report on Monday, August 18th. Zacks Research raised Seiko Epson from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy".
Check Out Our Latest Analysis on SEKEY
Seiko Epson Stock Performance
The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.21 and a current ratio of 2.17. The business has a 50-day moving average price of $6.39 and a 200 day moving average price of $6.42. The stock has a market capitalization of $4.38 billion, a P/E ratio of 11.27 and a beta of 0.82.
Seiko Epson (OTCMKTS:SEKEY - Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. Seiko Epson had a return on equity of 6.25% and a net margin of 3.71%.The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.27 billion. As a group, sell-side analysts forecast that Seiko Epson Corp. will post 0.48 EPS for the current fiscal year.
Seiko Epson Company Profile
(Get Free Report)Seiko Epson Corporation, together with its subsidiaries, develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, manufacturing-related and wearables, and other businesses. It operates through three segments: Printing Solutions, Visual Communications, and Manufacturing-related and Wearables segments.
Read More
- Five stocks we like better than Seiko Epson
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Lowe’s Stock Price Signals a Buying Opportunity After Q3 Release
- Where Do I Find 52-Week Highs and Lows?
- NVIDIA Just Proved the AI Boom Is Bigger Than Anyone Thought
- How to Buy Cheap Stocks Step by Step
- Why Target Stock May Keep Falling Despite a 5% Dividend Yield
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Seiko Epson Right Now?
Before you consider Seiko Epson, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Seiko Epson wasn't on the list.
While Seiko Epson currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
