Seiko Epson (OTCMKTS:SEKEY) Shares Gap Up - Still a Buy?

Key Points

• Seiko Epson's share price gapped up to $6.50 on Friday, trading slightly lower at $6.44 later in the day, with a trading volume of 337 shares.
• Analysts have upgraded the stock's ratings, with Zacks Research changing its stance from "strong sell" to "hold," and Nomura Securities giving it a "strong buy" rating, leading to an average rating of "buy."
• The company recently reported earnings of $0.07 per share, falling $0.05 short of expectations, with a revenue of $2.18 billion, significantly lower than analyst estimates of $322.07 billion.

Seiko Epson Corp. (OTCMKTS:SEKEY - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $6.35, but opened at $6.50. Seiko Epson shares last traded at $6.44, with a volume of 337 shares.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Zacks Research upgraded shares of Seiko Epson from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Nomura Securities upgraded Seiko Epson to a "strong-buy" rating in a research note 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

Seiko Epson Trading Up 1.3%

The business has a 50 day moving average of $6.48 and a 200 day moving average of $6.52. The company has a quick ratio of 1.21, a current ratio of 2.17 and a debt-to-equity ratio of 0.23. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 14.95 and a beta of 0.81.

Seiko Epson (OTCMKTS:SEKEY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.07 earnings per share (EPS) 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 analyst estimates of $322.07 billion. On average, research analysts forecast that Seiko Epson Corp. will post 0.48 earnings per share 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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