Seiko Epson (OTCMKTS:SEKEY) Shares Up 0.9% - Time to Buy?

Key Points

• Seiko Epson Corp.'s share price increased by 0.9% to $6.49, with trading volume rising 336% from its average session.
• Nomura Securities has upgraded Seiko Epson to a "strong-buy" rating, contributing to an overall average rating of "Strong Buy" from analysts.
• In its latest quarterly earnings, Seiko Epson reported $0.07 EPS, missing estimates of $0.12, with revenue of $2.18 billion compared to a forecast of $322.07 billion.

Seiko Epson Corp. (OTCMKTS:SEKEY - Get Free Report)'s share price shot up 0.9% on Wednesday . The company traded as high as $6.56 and last traded at $6.49. 104,678 shares traded hands during mid-day trading, an increase of 336% from the average session volume of 24,007 shares. The stock had previously closed at $6.43.

Wall Street Analyst Weigh In

Separately, Nomura Securities raised shares of Seiko Epson to a "strong-buy" rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Strong Buy".

Seiko Epson Trading Up 0.9%

The company has a market cap of $4.85 billion, a price-to-earnings ratio of 15.09 and a beta of 0.81. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 2.17. The business's 50 day moving average price is $6.40 and its 200-day moving average price is $6.90.

Seiko Epson (OTCMKTS:SEKEY - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.14% and a return on equity of 5.20%. 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 EPS 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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