Seiko Epson (OTCMKTS:SEKEY) Reaches New 12-Month High – Still a Buy?

Seiko Epson Corp. (OTCMKTS:SEKEY) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $7.8870 and last traded at $7.85, with a volume of 59148 shares changing hands. The stock had previously closed at $7.75.

Seiko Epson Stock Up 1.3%

The stock has a 50-day moving average of $6.50 and a 200 day moving average of $6.42. 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 company has a market capitalization of $5.87 billion, a PE ratio of 39.25 and a beta of 0.72.

Seiko Epson (OTCMKTS:SEKEY) last issued its quarterly 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 company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Seiko Epson had a return on equity of 2.31% and a net margin of 1.35%. Sell-side analysts anticipate that Seiko Epson Corp. will post 0.59 EPS for the current year.

About Seiko Epson

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.