Seiko Epson (OTCMKTS:SEKEY) Shares Gap Down - Here's Why

Key Points

• Seiko Epson Corp. shares gapped down from a previous closing price of $6.44 to an opening price of $6.29 on Monday.
• Analysts have recently upgraded Seiko Epson's stock, with Zacks Research changing its rating from "strong sell" to "hold," while Nomura Securities upgraded it to "strong buy."
• The company reported earnings of $0.07 per share for the last quarter, missing the consensus estimate of $0.12 by $0.05.

Seiko Epson Corp. (OTCMKTS:SEKEY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $6.44, but opened at $6.29. Seiko Epson shares last traded at $6.57, with a volume of 53,715 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on SEKEY shares. Zacks Research raised shares of Seiko Epson from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th. Nomura Securities raised shares of Seiko Epson to a "strong-buy" rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

Seiko Epson Stock Performance

The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 15.24 and a beta of 0.81. The stock's fifty day moving average is $6.48 and its two-hundred day moving average is $6.49. The company has a quick ratio of 1.21, a current ratio of 2.17 and a debt-to-equity ratio of 0.23.

Seiko Epson (OTCMKTS:SEKEY - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.07 EPS 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 during the quarter, compared to analyst estimates of $322.07 billion. On average, analysts predict that Seiko Epson Corp. will post 0.48 earnings per share 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.

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