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 . Approximately 8,480 shares traded hands during trading, an increase of 359% from the previous session’s volume of 1,848 shares.The stock last traded at $14.81 and had previously closed at $15.0950.

Wall Street Analyst Weigh In

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

Aisin Seiki Trading Down 1.9%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.27 and a current ratio of 1.79. The firm has a market capitalization of $10.75 billion, a P/E ratio of 10.21 and a beta of 0.52. The firm has a 50 day moving average price of $14.55 and a two-hundred day moving average price of $14.47.

Aisin Seiki (OTCMKTS:ASEKY) last announced its earnings results on Friday, July 31st. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $7.89 billion. On average, equities research analysts expect that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.25 EPS for the current fiscal year.

About Aisin Seiki

Aisin Seiki Co, Ltd., now operating under the name Aisin Corporation, is a Japan-based automotive components manufacturer and a member of the Toyota Group. The company develops and produces systems and components used by automakers and other transportation-related customers.

Aisin’s products include automatic and manual transmissions, hybrid and electric-drive components, engine-related systems, brakes, chassis and suspension components, doors, sunroofs, and other body systems. The company also develops automotive electronics and products related to vehicle connectivity, as well as selected energy and lifestyle-related systems.

Founded in 1965, Aisin has expanded from its Japanese manufacturing base into an international supplier with research, production, and sales operations serving customers in Asia, North America, Europe, and other global markets.