Zacks Investment Research downgraded shares of SEIKO EPSON COR/ADR (OTCMKTS:SEKEY) from a hold rating to a sell rating in a research report released 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. “
Shares of SEKEY stock opened at $6.41 on Wednesday. SEIKO EPSON COR/ADR has a 12 month low of $6.37 and a 12 month high of $8.85. The firm has a market capitalization of $4.60 billion, a P/E ratio of 9.29, a P/E/G ratio of 1.90 and a beta of 1.07. The company’s fifty day moving average price is $7.33 and its two-hundred day moving average price is $7.53.
About SEIKO EPSON COR/ADR
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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