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

Seiko Epson Corp. (OTCMKTS:SEKEY)’s stock price gapped up before the market opened 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 changing hands.

Seiko Epson Price Performance

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 market capitalization of $7.18 billion, a PE ratio of 48.03 and a beta of 0.84. The stock’s 50-day moving average is $7.06 and its two-hundred day moving average is $6.61.

Seiko Epson (OTCMKTS:SEKEY) last released 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). 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 for the quarter, compared to the consensus estimate of $2.17 billion. On average, equities analysts predict that Seiko Epson Corp. will post 0.59 EPS for the current 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.