Seiko Epson (OTCMKTS:SEKEY) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group cut shares of Seiko Epson (OTCMKTS:SEKEY) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Seiko Epson Stock Performance

SEKEY opened at $8.70 on Tuesday. The firm has a market capitalization of $6.50 billion, a PE ratio of 43.50 and a beta of 0.85. Seiko Epson has a twelve month low of $5.75 and a twelve month high of $9.61. The firm’s 50-day moving average price is $8.54 and its 200 day moving average price is $7.20. The company has a current ratio of 2.16, a quick ratio of 1.28 and a debt-to-equity ratio of 0.20.

Seiko Epson (OTCMKTS:SEKEY) last released its quarterly earnings data on Friday, May 1st. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.24). The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.17 billion. Seiko Epson had a net margin of 1.35% and a return on equity of 2.32%. As a group, sell-side analysts expect that Seiko Epson will post 0.59 EPS 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.