Seiko Epson (OTCMKTS:SEKEY) Shares Gap Up – Still a Buy?

Seiko Epson Corp. (OTCMKTS:SEKEY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $7.9312, but opened at $8.91. Seiko Epson shares last traded at $8.91, with a volume of 1,072 shares traded.

Seiko Epson Stock Performance

The firm has a market capitalization of $6.64 billion, a P/E ratio of 44.43 and a beta of 0.72. The company has a current ratio of 2.16, a quick ratio of 1.28 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $6.84 and a 200-day moving average of $6.53.

Seiko Epson (OTCMKTS:SEKEY) last announced its earnings results on Friday, May 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.24). The company had revenue of $2.36 billion for 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%. On average, equities analysts anticipate that Seiko Epson Corp. 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.