Seiko Epson Co. (OTCMKTS:SEKEY) Sees Significant Increase in Short Interest

Seiko Epson Co. (OTCMKTS:SEKEY – Get Rating) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 124,800 shares, a growth of 274.8% from the March 15th total of 33,300 shares. Based on an average daily trading volume, of 110,300 shares, the days-to-cover ratio is currently 1.1 days.

Shares of SEKEY stock opened at $7.17 on Friday. The firm has a 50-day moving average price of $7.50 and a 200 day moving average price of $8.37. Seiko Epson has a twelve month low of $6.85 and a twelve month high of $10.93. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 7.79 and a beta of 1.09. The company has a current ratio of 2.49, a quick ratio of 1.59 and a debt-to-equity ratio of 0.36.

Seiko Epson (OTCMKTS:SEKEY – Get Rating) last announced its earnings results on Friday, January 28th. The company reported $0.32 earnings per share for the quarter. Seiko Epson had a net margin of 6.58% and a return on equity of 12.23%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.53 billion. As a group, research analysts predict that Seiko Epson will post 0.77 earnings per share for the current year.

Separately, Zacks Investment Research raised shares of Seiko Epson from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research note on Thursday, March 3rd.

Seiko Epson Company Profile (Get Rating)

Seiko Epson Corp. engages in the development, manufacture, and sale of information equipment. It operates through the following business segments: Printing Solutions, Visual Communications, and Wearable & Industrial Products. The Printing Solutions segment offers Inkjet printers, serial impact dot matrix printers, page printers, color image scanners, large-format inkjet printers, industrial inkjet printing systems, printers for use in POS systems, label printers and related consumables, office papermaking systems, personal computers and others.

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