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

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKYGet Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $13.82, but opened at $14.80. Aisin Seiki shares last traded at $14.80, with a volume of 947 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Aisin Seiki from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Aisin Seiki has a consensus rating of “Moderate Buy”.

Check Out Our Latest Report on Aisin Seiki

Aisin Seiki Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 1.79. The firm has a market cap of $10.61 billion, a P/E ratio of 10.08 and a beta of 0.50. The company’s 50 day moving average is $14.11 and its 200 day moving average is $14.67.

Aisin Seiki (OTCMKTS:ASEKYGet Free Report) last released its quarterly earnings data 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. Aisin Seiki had a return on equity of 6.73% and a net margin of 3.14%.The company had revenue of $8.26 billion for the quarter, compared to the consensus estimate of $7.89 billion. As a group, equities analysts predict that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.25 earnings per share for the current fiscal year.

About Aisin Seiki

(Get Free Report)

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.

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