Seiko Epson (OTCMKTS:SEKEY) Share Price Passes Below 50 Day Moving Average – Here’s Why

Seiko Epson Co. (OTCMKTS:SEKEY) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.87 and traded as low as $8.60. Seiko Epson shares last traded at $8.61, with a volume of 19,873 shares trading hands.

Seiko Epson Stock Performance

The company has a fifty day moving average of $8.87 and a 200 day moving average of $8.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.12 and a quick ratio of 1.28. The stock has a market cap of $6.63 billion, a P/E ratio of 17.57 and a beta of 0.89.

Seiko Epson (OTCMKTS:SEKEY) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.04 earnings per share for the quarter. Seiko Epson had a return on equity of 5.62% and a net margin of 3.54%. The business had revenue of $2.27 billion during the quarter. On average, equities analysts predict that Seiko Epson Co. will post 0.49 earnings per share for the current fiscal year.

About Seiko Epson

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.