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 $14.76, but opened at $13.88. Aisin Seiki shares last traded at $13.88, with a volume of 143 shares trading hands.

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Aisin Seiki has a consensus rating of “Moderate Buy”.

Aisin Seiki Stock Performance

The stock’s 50-day moving average is $14.58 and its 200-day moving average is $14.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.79 and a quick ratio of 1.27. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 9.57 and a beta of 0.52.

Aisin Seiki (OTCMKTS:ASEKY) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $8.26 billion for the quarter, compared to analyst estimates of $7.89 billion. Aisin Seiki had a net margin of 3.14% and a return on equity of 6.73%. Analysts anticipate 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.