Aisin Seiki (OTCMKTS:ASEKY) Sees Unusually-High Trading Volume – Here’s Why

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) shares saw strong trading volume on Wednesday . 12,045 shares changed hands during trading, an increase of 483% from the previous session’s volume of 2,066 shares.The stock last traded at $14.9750 and had previously closed at $14.25.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Aisin Seiki from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Aisin Seiki Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.74 and a quick ratio of 1.17. The company has a 50-day moving average price of $15.57 and a 200-day moving average price of $17.11. The firm has a market capitalization of $12.25 billion, a PE ratio of 11.05 and a beta of 0.49.

Aisin Seiki (OTCMKTS:ASEKY) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.16). Aisin Seiki had a net margin of 3.26% and a return on equity of 7.21%. The company had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $8.03 billion. Sell-side analysts forecast that Aisin Seiki Co. Ltd. Unsponsored ADR will post 0.89 EPS for the current year.

Aisin Seiki Company Profile

Aisin Seiki Co, Ltd., commonly known as Aisin, is a Japanese automotive parts manufacturer founded in 1949 and headquartered in Anjo, Aichi Prefecture. Originally established to supply repair parts for Toyota Motor Corporation, Aisin has grown into one of the world’s largest Tier-1 suppliers, delivering a broad portfolio of components to leading original equipment manufacturers (OEMs) across the globe.

The company’s core business centers on the design and production of automotive systems and components.