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

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.

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

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

Seiko Epson Price Performance

SEKEY traded down $0.15 on Monday, hitting $6.54. 21,740 shares of the company's stock traded hands, compared to its average volume of 21,628. The company has a current ratio of 2.17, a quick ratio of 1.21 and a debt-to-equity ratio of 0.23. Seiko Epson has a one year low of $6.11 and a one year high of $9.69. The company's 50 day simple moving average is $6.45 and its 200-day simple moving average is $6.75. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 15.22 and a beta of 0.81.

Seiko Epson (OTCMKTS:SEKEY - Get Free Report) last released its earnings results 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). Seiko Epson had a net margin of 3.14% and a return on equity of 5.20%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $322.07 billion. As a group, research analysts anticipate that Seiko Epson will post 0.48 EPS for the current year.

Seiko Epson Company Profile

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.