Seiko Epson (OTCMKTS:SEKEY) Shares Gap Up – Here’s Why

Seiko Epson Corp. (OTCMKTS:SEKEY) gapped up prior to trading on Wednesday . The stock had previously closed at $9.08, but opened at $9.60. Seiko Epson shares last traded at $9.60, with a volume of 36,221 shares.

Seiko Epson Stock Up 5.8%

The business’s fifty day moving average is $7.06 and its two-hundred day moving average is $6.61. The company has a market cap of $7.18 billion, a P/E ratio of 48.03 and a beta of 0.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.28 and a current ratio of 2.16.

Seiko Epson (OTCMKTS:SEKEY) last issued its earnings results on Friday, May 1st. The company reported ($0.17) EPS 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 the consensus estimate of $2.17 billion. Seiko Epson had a return on equity of 2.32% and a net margin of 1.35%. Equities analysts predict 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.