Zacks Investment Research cut shares of Aisin Seiki Co (NASDAQ:ASEKY) from a hold rating to a sell rating in a report issued on Tuesday morning.

According to Zacks, “Aisin Seiki Co., Ltd. is engages in the manufacture and sale of automotive parts. It operating segment consists of Aisin Seiki Group, Aisin Takaoka Group, Aisin AW Group, Advics Group and Others. Aisin Seiki Group segment provides general automotive parts and services, life and amenity-related equipment, public works and petroleum sales. Aisin Takaoka Group segment handles engine and brake cast components. Aisin AW Group deals with automatic transmissions and car navigation systems. Advics Group segment offers brake components. Others segment includes automotive parts lineup, energy systems, mainstay products for the major group companies, life and amenity products. Aisin Seiki Co., Ltd. is headquartered in Kariya, Japan. “

Aisin Seiki (ASEKY) opened at 51.45 on Tuesday. The company’s 50-day moving average price is $50.80 and its 200 day moving average price is $50.29. Aisin Seiki has a 12 month low of $41.48 and a 12 month high of $55.26. The firm has a market capitalization of $14.33 billion and a PE ratio of 13.67.

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