Seiko Epson (OTCMKTS:SEKEY) Shares Gap Up - Here's What Happened

Key Points

• Seiko Epson's shares gapped up from $6.33 to $6.65 before the market opened, last trading at $6.37 with a volume of 354 shares.
• Analysts recently upgraded the stock ratings, with Zacks Research moving it from "strong sell" to "hold" and Nomura Securities giving it a "strong buy" rating.
• The company reported a $0.07 EPS for the quarter, missing the $0.12 analysts' consensus estimate, while revenues were significantly lower than expected at $2.18 billion.

Seiko Epson Corp. (OTCMKTS:SEKEY - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $6.33, but opened at $6.65. Seiko Epson shares last traded at $6.37, with a volume of 354 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SEKEY shares. Zacks Research upgraded shares of Seiko Epson from a "strong sell" rating to a "hold" rating in a research 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 equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

Seiko Epson Stock Performance

The firm has a market capitalization of $4.74 billion, a P/E ratio of 14.74 and a beta of 0.81. The firm has a 50-day moving average price of $6.49 and a two-hundred day moving average price of $6.67. 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 (OTCMKTS:SEKEY - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.05). Seiko Epson had a return on equity of 5.20% and a net margin of 3.14%.The business had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $322.07 billion. On average, analysts forecast that Seiko Epson Corp. will post 0.48 EPS for the current fiscal 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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