Zacks Investment Research downgrades Seiko Epson (OTCMKTS:SEKEY) to retain it

Seiko Epson (OTCMKTS:SEKEY – Get Note) was downgraded by Zacks Investment Research from a “strong buy” rating to a “hold” rating in a research note released Tuesday to investors, reports.

According to Zacks, “Seiko Epson Corporation is engaged in the development, manufacture, sale, marketing and servicing of information-related equipment, electronic devices, precision products and other products. The Information Equipment segment manufactures and offers computers and peripherals, including PCs, printers, scanners and projectors.Electronic Devices and Precision Equipment segment is engaged in the development, manufacture and sale of quartz devices, semiconductors and displays, watches, plastic corrective glasses and factory automation equipment. Seiko Epson Corporation is headquartered in Suwa, Nagano.”

Shares of SEKEY opened at $7.22 on Tuesday. Seiko Epson has a 52-week low of $6.67 and a 52-week high of $10.93. The stock has a market capitalization of $5.77 billion, a price-earnings ratio of 6.12 and a beta of 1.02. The company has a debt ratio of 0.36, a quick ratio of 1.59 and a current ratio of 2.49. The company has a fifty-day moving average of $7.30 and a 200-day moving average of $8.12.

Seiko Epson (OTCMKTS:SEKEY – Get Rating) last announced its quarterly earnings data on Friday, January 28. The company reported earnings per share (EPS) of $0.32 for the quarter. The company posted revenue of $2.61 billion in the quarter, compared to analysts’ expectations of $2.53 billion. Seiko Epson had a net margin of 8.15% and a return on equity of 15.63%. On average, sell-side analysts expect Seiko Epson to post 0.79 earnings per share for the current year.

About Seiko Epson (Get a rating)

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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