Jefferies Financial Group cut shares of Seiko Epson (OTCMKTS:SEKEY – Free Report) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.
Seiko Epson Stock Down 0.2%
Shares of Seiko Epson stock opened at $8.79 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.16 and a quick ratio of 1.28. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 43.98 and a beta of 0.85. The firm’s 50-day moving average is $8.52 and its two-hundred day moving average is $7.19. Seiko Epson has a 1 year low of $5.75 and a 1 year high of $9.61.
Seiko Epson (OTCMKTS:SEKEY – Get Free Report) last released its quarterly earnings results on Friday, May 1st. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.24). Seiko Epson had a return on equity of 2.32% and a net margin of 1.35%.The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.17 billion. As a group, research analysts expect that Seiko Epson 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.
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