Seiko Epson (OTCMKTS:SEKEY) Sees Large Volume Increase – Here’s What Happened

by · The Markets Daily

Seiko Epson Corp. (OTCMKTS:SEKEY – Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 40,709 shares traded hands during mid-day trading, an increase of 54% from the previous session’s volume of 26,414 shares.The stock last traded at $8.73 and had previously closed at $9.0320.

Seiko Epson Trading Up 0.5%

The company has a market cap of $6.54 billion, a price-to-earnings ratio of 43.80 and a beta of 0.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.28 and a current ratio of 2.16. The firm has a fifty day moving average price of $7.70 and a 200 day moving average price of $6.84.

Seiko Epson (OTCMKTS:SEKEY – Get Free Report) last released its quarterly earnings data on Friday, May 1st. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.24). Seiko Epson had a net margin of 1.35% and a return on equity of 2.32%. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.17 billion. As a group, equities analysts predict that Seiko Epson Corp. will post 0.59 EPS for the current fiscal year.

About Seiko Epson

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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.

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