Seiko Epson (OTCMKTS:SEKEY) Hits New 1-Year Low - Here's Why

Seiko Epson Corp. (OTCMKTS:SEKEY - Get Free Report) shares reached a new 52-week low on Saturday . The stock traded as low as $6.11 and last traded at $6.13, with a volume of 12743 shares traded. The stock had previously closed at $6.47.Analyst Ratings ChangesSEKEY has been the topic of several analyst reports. Zacks Research raised shares of Seiko Epson from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Nomura Securities raised shares of Seiko Epson to a "strong-buy" rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Seiko Epson currently has a consensus rating of "Buy".Get Our Latest Stock Analysis on SEKEYSeiko Epson Stock Down 5.3%The company has a market cap of $4.58 billion, a P/E ratio of 14.26 and a beta of 0.81. The company has a current ratio of 2.17, a quick ratio of 1.21 and a debt-to-equity ratio of 0.23. The firm's 50 day moving average price is $6.49 and its 200-day moving average price is $6.57. Seiko Epson (OTCMKTS:SEKEY - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05). The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $322.07 billion. Seiko Epson had a net margin of 3.14% and a return on equity of 5.20%. As a group, equities research analysts expect that Seiko Epson Corp. will post 0.48 EPS for the current year. About Seiko Epson (Get Free Report)Seiko Epson Corporation, together with its subsidiaries, develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, manufacturing-related and wearables, and other businesses. It operates through three segments: Printing Solutions, Visual Communications, and Manufacturing-related and Wearables segments.Further ReadingFive stocks we like better than Seiko EpsonHow Investors Can Find the Best Cheap Dividend Stocks3 Heavily Shorted Stocks That Could Pop on Rate Cuts3 Best Fintech Stocks for a Portfolio BoostBroadcom Gets Second $420 Target as CPO Win Boosts OutlookHow Can Retail Investors Trade the Toronto Stock Exchange (TSX)?PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You CanThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Seiko Epson Right Now?Before you consider Seiko Epson, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Seiko Epson wasn't on the list.While Seiko Epson currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here