Seiko Epson (OTCMKTS:SEKEY) Sets New 52-Week High - Still a Buy?

Key Points

• New 52-week high: Seiko Epson's ADR reached $7.30 in mid-day trading (previous close $6.59) on light volume (313 shares), breaking above its 50- and 200-day moving averages near $6.40.
• Quarterly earnings missed: The company reported EPS of ($0.17) vs. consensus $0.07 (a $0.24 miss) on May 1, though sell-side analysts expect full-year EPS of about $0.42.
• Solid balance sheet and valuation: Market cap is $5.23 billion with a P/E of 15.56, low debt-to-equity (0.19), healthy liquidity (current ratio 2.13, quick ratio 1.22) and a beta of 0.71.

Seiko Epson Corp. (OTCMKTS:SEKEY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $7.30 and last traded at $7.30, with a volume of 313 shares trading hands. The stock had previously closed at $6.59.

Seiko Epson Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 2.13. The company has a market capitalization of $5.23 billion, a P/E ratio of 15.56 and a beta of 0.71. The business has a 50 day moving average of $6.40 and a 200-day moving average of $6.37.

Seiko Epson (OTCMKTS:SEKEY - Get Free Report) last released its quarterly earnings data on Friday, May 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.24). Seiko Epson had a net margin of 3.11% and a return on equity of 5.27%. On average, sell-side analysts predict that Seiko Epson Corp. will post 0.42 EPS for the current fiscal year.

Seiko Epson Company Profile

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.

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