Seiko Epson (OTCMKTS:SEKEY) Hits New 1-Year High – Here’s Why

Seiko Epson Corp. (OTCMKTS:SEKEY)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $7.98 and last traded at $7.97, with a volume of 10128 shares. The stock had previously closed at $7.8250.

Seiko Epson Stock Up 1.9%

The stock has a market capitalization of $5.95 billion, a P/E ratio of 39.85 and a beta of 0.72. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.13 and a quick ratio of 1.22. The stock’s fifty day moving average is $6.62 and its two-hundred day moving average is $6.46.

Seiko Epson (OTCMKTS:SEKEY) last issued its earnings results on Friday, May 1st. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.24). The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.17 billion. Seiko Epson had a return on equity of 2.31% and a net margin of 1.35%. As a group, research analysts predict that Seiko Epson Corp. will post 0.59 earnings per share for the current fiscal 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.