Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Up – Here’s What Happened

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $14.47, but opened at $15.19. Aisin Seiki shares last traded at $15.19, with a volume of 367 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Aisin Seiki from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Aisin Seiki Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.17 and a current ratio of 1.74. The firm’s fifty day simple moving average is $15.16 and its 200-day simple moving average is $16.89. The stock has a market cap of $11.53 billion, a P/E ratio of 10.40 and a beta of 0.49.

Aisin Seiki (OTCMKTS:ASEKY) last released its quarterly earnings results 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 return on equity of 7.21% and a net margin of 3.26%.The firm had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $8.03 billion. Equities research analysts expect that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.16 EPS for the current fiscal year.

About Aisin Seiki

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.