Seiko Epson (OTCMKTS:SEKEY) Sees Strong Trading Volume – Time to Buy?

Shares of Seiko Epson Corp. (OTCMKTS:SEKEY) saw an uptick in trading volume on Tuesday . Approximately 30,700 shares were traded during trading, an increase of 22% from the previous session’s volume of 25,090 shares.The stock last traded at $8.69 and had previously closed at $8.65.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut Seiko Epson from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Seiko Epson presently has an average rating of “Moderate Buy”.

Seiko Epson Trading Up 6.2%

The firm’s 50-day simple moving average is $8.57 and its 200 day simple moving average is $7.23. 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 firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 44.20 and a beta of 0.85.

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). Seiko Epson had a net margin of 1.35% and a return on equity of 2.32%. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.17 billion. Equities analysts expect that Seiko Epson Corp. will post 0.59 earnings per share 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.