Seiko Epson (OTCMKTS:SEKEY) Hits New 1-Year Low - Here's Why

Key Points

• Seiko Epson's stock reached a new 52-week low at <$strong>$6.11, closing at <$strong>$6.13 after a 5.3% decline.
• Despite the recent drop, analysts have varying opinions, with one upgrading the stock to a "strong-buy" rating while the current consensus rating remains at "buy."
• In its latest earnings report, Seiko Epson posted $0.07 EPS, missing estimates of $0.12 EPS, with revenues of $2.18 billion.

Seiko Epson Corp. (OTCMKTS:SEKEY - Get Free Report) shares reached a new 52-week low on Saturday . The stock traded as low as $6.11 and last traded at $6.13, with a volume of 12743 shares traded. The stock had previously closed at $6.47.

Analyst Ratings Changes

SEKEY has been the topic of several analyst reports. Zacks Research raised shares of Seiko Epson from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Nomura Securities raised shares of Seiko Epson to a "strong-buy" rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Seiko Epson currently has a consensus rating of "Buy".

Seiko Epson Stock Down 5.3%

The company has a market cap of $4.58 billion, a P/E ratio of 14.26 and a beta of 0.81. The company has a current ratio of 2.17, a quick ratio of 1.21 and a debt-to-equity ratio of 0.23. The firm's 50 day moving average price is $6.49 and its 200-day moving average price is $6.57.

Seiko Epson (OTCMKTS:SEKEY - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05). The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $322.07 billion. Seiko Epson had a net margin of 3.14% and a return on equity of 5.20%. As a group, equities research analysts expect that Seiko Epson Corp. will post 0.48 EPS for the current year.

About Seiko Epson

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.

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