Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down – Time to Sell?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $14.25, but opened at $13.65. Aisin Seiki shares last traded at $13.65, with a volume of 2,408 shares.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ASEKY. Zacks Research upgraded shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. The Goldman Sachs Group raised shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Aisin Seiki Stock Down 4.2%

The firm has a market capitalization of $9.91 billion, a price-to-earnings ratio of 8.92 and a beta of 0.51. The stock has a fifty day moving average of $14.60 and a two-hundred day moving average of $16.16. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.74 and a quick ratio of 1.17.

Aisin Seiki (OTCMKTS:ASEKY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.24. The business had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.01 billion. Aisin Seiki had a return on equity of 7.29% and a net margin of 3.34%. Sell-side analysts anticipate that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.4 earnings per share 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.