Positive Sentiment Still Eludes Seiko Epson Corporation (TSE:6724) Following 28% Share Price Slump
The Seiko Epson Corporation (TSE:6724) share price has fared very poorly over the last month, falling by a substantial 28%. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 34% in that time.
Even after such a large drop in price, given about half the companies in Japan have price-to-earnings ratios (or “P/E’s”) above 13x, you may still consider Seiko Epson as an attractive investment with its 10.2x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
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Recent times haven’t been advantageous for Seiko Epson as…
