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

Key Points

• Shares gapped up: The stock opened at $6.14 after a $5.87 close and last traded at $6.1950 on a volume of 53,982 shares.
• Earnings and revenue beat: Seiko Epson reported $0.17 EPS versus $0.14 expected and revenue of $2.42 billion versus $2.31 billion estimated, while analysts project 0.48 EPS for the current year.
• Healthy fundamentals: Market cap is $4.62 billion with a P/E of 13.76, low debt-to-equity of 0.19, and current/quick ratios of 2.13 and 1.22 respectively, with 50- and 200-day moving averages near $6.4.

Shares of Seiko Epson Corp. (OTCMKTS:SEKEY - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $5.87, but opened at $6.14. Seiko Epson shares last traded at $6.1950, with a volume of 53,982 shares trading hands.

Seiko Epson Stock Performance

The company has a quick ratio of 1.22, a current ratio of 2.13 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $4.62 billion, a P/E ratio of 13.76 and a beta of 0.67. The business has a fifty day moving average price of $6.49 and a 200-day moving average price of $6.39.

Seiko Epson (OTCMKTS:SEKEY - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.31 billion. Seiko Epson had a return on equity of 5.27% and a net margin of 3.11%. On average, sell-side analysts expect that Seiko Epson Corp. will post 0.48 EPS for the current 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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