Zacks Investment Research downgraded shares of Seiko Epson Corp (NASDAQ:SEKEY) from a buy rating to a hold rating in a report released on Saturday.

According to Zacks, “Seiko Epson Corporation is engaged in the development, manufacturing, sales, marketing and servicing of information-related equipment, electronic devices, precision products and other products. The Information Equipment segment manufactures and offers computers and peripherals, including PCs, printers, scanners and projectors. The Electronic Devices and Precision Equipment segment is engaged in the development, manufacture and sale of quartz devices, semiconductors, and displays, watches, plastic corrective lenses, and factory automation equipment. Seiko Epson Corporation has its head office in Suwa, Nagano. “

Seiko Epson Corp (NASDAQ SEKEY) opened at 12.41 on Friday. Seiko Epson Corp has a 12 month low of $9.00 and a 12 month high of $13.25. The firm has a 50-day moving average price of $12.58 and a 200 day moving average price of $11.28. The company has a market capitalization of $8.74 billion and a P/E ratio of 17.39.

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