Zacks Research Downgrades Aisin Seiki (OTCMKTS:ASEKY) to Strong Sell

Aisin Seiki (OTCMKTS:ASEKY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Aisin Seiki Price Performance

OTCMKTS:ASEKY opened at $14.28 on Wednesday. Aisin Seiki has a twelve month low of $12.85 and a twelve month high of $19.50. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 9.84 and a beta of 0.50. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average price is $14.03 and its two-hundred day moving average price is $14.82.

Aisin Seiki (OTCMKTS:ASEKY) last released its earnings results on Friday, July 31st. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $8.26 billion during the quarter, compared to analysts’ expectations of $7.89 billion. Aisin Seiki had a net margin of 3.14% and a return on equity of 6.65%. Equities research analysts expect that Aisin Seiki will post 1.25 earnings per share for the current fiscal 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.