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

SEIKO EPSON COR/ADR (OTCMKTS:SEKEY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, 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. “

Separately, Goldman Sachs Group cut shares of SEIKO EPSON COR/ADR from a “buy” rating to a “neutral” rating in a research report on Friday, September 20th.

Shares of OTCMKTS:SEKEY traded up $0.06 during trading hours on Wednesday, reaching $7.52. The stock had a trading volume of 6,905 shares, compared to its average volume of 6,792. SEIKO EPSON COR/ADR has a 1 year low of $6.37 and a 1 year high of $8.20. The firm’s 50 day moving average is $7.13 and its 200-day moving average is $7.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.24 and a current ratio of 2.16. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 1.51 and a beta of 1.10.

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.

Recommended Story: Range Trading

Get a free copy of the Zacks research report on SEIKO EPSON COR/ADR (SEKEY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for SEIKO EPSON COR/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEIKO EPSON COR/ADR and related companies with MarketBeat.com's FREE daily email newsletter.