Seiko Epson Corp (NASDAQ:SEKEY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Saturday.

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 Seiko Epson Corp (NASDAQ:SEKEY) opened at 12.51 on Friday. The stock has a market cap of $8.81 billion and a P/E ratio of 17.62. The firm’s 50-day moving average price is $12.59 and its 200-day moving average price is $11.26. Seiko Epson Corp has a 52-week low of $9.00 and a 52-week high of $13.25.

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