SEIKO EPSON COR/ADR (OTCMKTS:SEKEY) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of SEIKO EPSON COR/ADR (OTCMKTS:SEKEY) from a sell rating to a hold rating in a research note released on Friday, Zacks.com reports.

According to Zacks, “Seiko Epson Corporation is engaged in the development, manufacturing, sales, 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. The Electronic Devices and Precision Equipment segment is engaged in the development, manufacture and sale of quartz devices, semiconductors, and displays, watches, plastic corrective lenses, and factory automation equipment. Seiko Epson Corporation has its head office in Suwa, Nagano. “

Shares of OTCMKTS SEKEY opened at $7.92 on Friday. The stock has a market cap of $5.58 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.90 and a beta of 1.04. SEIKO EPSON COR/ADR has a 12-month low of $6.55 and a 12-month high of $9.07.

SEIKO EPSON COR/ADR (OTCMKTS:SEKEY) last issued its quarterly earnings results on Friday, April 26th. The company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $2.32 billion for the quarter. SEIKO EPSON COR/ADR had a net margin of 4.93% and a return on equity of 10.25%. Analysts forecast that SEIKO EPSON COR/ADR will post 0.6 earnings per share for the current year.

SEIKO EPSON COR/ADR Company Profile

Seiko Epson Corporation, together with its subsidiaries, develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, wearable and industrial products, and other businesses in Japan, the United States, China, and internationally. Its Printing Solutions segment provides 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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