Seiko Epson Co. (OTCMKTS:SEKEY – Get Rating) benefited from a significant decline in short-term interest in April. As of April 15, there was short interest totaling 52,300 shares, down 58.1% from the March 31 total of 124,800 shares. Based on an average daily volume of 163,000 shares, the day-to-cover ratio is currently 0.3 days.
Separately, Zacks Investment Research upgraded Seiko Epson shares from a “hold” rating to a “buy” rating and set a price target of $8.25 for the company in a research report Thursday, March 3. .
Shares of OTCMKTS SEKEY rose $0.52 during Friday’s midday session, hitting $7.41. The stock recorded a trading volume of 82,625 shares, compared to an average volume of 67,165 shares. The company has a debt ratio of 0.36, a quick ratio of 1.59 and a current ratio of 2.49. Seiko Epson has a 1 year minimum of $6.67 and a 1 year maximum of $10.93. The company has a 50-day moving average price of $7.32 and a two-hundred-day moving average price of $8.17. The company has a market capitalization of $5.92 billion, a P/E ratio of 8.05 and a beta of 1.09.
Seiko Epson (OTCMKTS:SEKEY – Get Rating) last released its quarterly results on Friday, January 28. The company reported earnings per share of $0.32 for the quarter. The company posted revenue of $2.61 billion for the quarter, versus $2.53 billion expected by analysts. Seiko Epson had a net margin of 6.58% and a return on equity of 12.23%. Equity research analysts expect Seiko Epson to post EPS of 0.81 for the current fiscal year.
Seiko Epson Company Profile (Get an evaluation)
Seiko Epson Corporation, together with its subsidiaries, develops, manufactures, sells and provides services for products in printing solutions, visual communications, portable and industrial products, and other businesses. It operates through three segments: printing solutions, visual communications, and portable and industrial products segments.
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