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Seiko Epson (OTCMKTS:SEKEY) Upgraded by Zacks Research to "Hold" Rating

Seiko Epson logo with Computer and Technology background

Key Points

  • Zacks Research has upgraded Seiko Epson's rating from "strong sell" to "hold," indicating a more favorable outlook for the stock.
  • Nomura Securities has also upgraded Seiko Epson to a "strong-buy" rating, contributing to an average rating of "Buy" among analysts.
  • Seiko Epson reported a missed earnings estimate with $0.07 EPS compared to the $0.12 consensus, and had a revenue of $2.18 billion against expectations of $322.07 billion.
  • Interested in Seiko Epson? Here are five stocks we like better.

Zacks Research upgraded shares of Seiko Epson (OTCMKTS:SEKEY - Free Report) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Separately, Nomura Securities upgraded shares of Seiko Epson to a "strong-buy" rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

Read Our Latest Stock Analysis on SEKEY

Seiko Epson Stock Down 2.2%

Shares of OTCMKTS:SEKEY traded down $0.15 during trading on Monday, hitting $6.54. 21,740 shares of the company were exchanged, compared to its average volume of 21,628. The stock has a market capitalization of $4.89 billion, a P/E ratio of 15.56 and a beta of 0.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.17 and a quick ratio of 1.21. Seiko Epson has a 12-month low of $6.11 and a 12-month high of $9.69. The firm's 50 day moving average price is $6.45 and its 200-day moving average price is $6.77.

Seiko Epson (OTCMKTS:SEKEY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05). The company had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $322.07 billion. Seiko Epson had a return on equity of 5.20% and a net margin of 3.14%. On average, research analysts predict that Seiko Epson will post 0.48 earnings per share for the current fiscal year.

About Seiko Epson

(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.

See Also

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