Seiko Epson (OTCMKTS:SEKEY) Shares Gap Down - Here's Why

Seiko Epson Corp. (OTCMKTS:SEKEY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $6.44, but opened at $6.29. Seiko Epson shares last traded at $6.57, with a volume of 53,715 shares changing hands.Analysts Set New Price TargetsA number of research analysts have weighed in on SEKEY shares. Zacks Research raised shares of Seiko Epson from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th. Nomura Securities raised shares of Seiko Epson to a "strong-buy" rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".Check Out Our Latest Stock Report on Seiko EpsonSeiko Epson Stock PerformanceThe firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 15.24 and a beta of 0.81. The stock's fifty day moving average is $6.48 and its two-hundred day moving average is $6.49. The company has a quick ratio of 1.21, a current ratio of 2.17 and a debt-to-equity ratio of 0.23. Seiko Epson (OTCMKTS:SEKEY - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). Seiko Epson had a net margin of 3.14% and a return on equity of 5.20%. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $322.07 billion. On average, analysts predict that Seiko Epson Corp. will post 0.48 earnings per share for the current year. Seiko Epson Company Profile (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.Read MoreFive stocks we like better than Seiko EpsonSpecial Purpose Acquisition Company (SPAC) What You Need to Know Louis Vuitton Earnings Show Luxury Bull Market Isn’t Done YetThe Risks of Owning Bonds3 High-Yield Banks for Investors to Buy on the DipHow Can Investors Benefit From After-Hours Trading5 Surprising Stocks Set to Benefit From a Future Robotics BoomThis 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