Aisin Seiki (OTCMKTS:ASEKY) Stock Price Up 8.5% – Time to Buy?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) shares were up 8.5% on Thursday. The stock traded as high as $14.44 and last traded at $14.44. 227 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 1,878 shares. The stock had previously closed at $13.31.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Aisin Seiki has an average rating of “Buy”.

Aisin Seiki Trading Up 8.5%

The company has a market cap of $10.48 billion, a PE ratio of 10.86 and a beta of 0.59. The stock has a fifty day moving average of $14.38 and a 200-day moving average of $14.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.27 and a current ratio of 1.79.

Aisin Seiki (OTCMKTS:ASEKY) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.09). The company had revenue of $8.45 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Aisin Seiki had a net margin of 2.87% and a return on equity of 6.12%. Sell-side 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 known as Aisin Corporation, is a Japanese manufacturer of automotive components and systems. The company develops and produces automatic and manual transmissions, hybrid and electric vehicle drive systems, engines and engine components, braking systems, chassis components, and body-related products. It also offers aftermarket parts and services for vehicles.

Established in 1965, Aisin became a major supplier to Toyota and other global vehicle manufacturers. Its products are used in passenger cars, commercial vehicles, and other mobility applications, while its business has expanded to include components designed for electrified vehicles and connected mobility.

Aisin serves automotive customers through manufacturing, engineering, and sales operations in Japan and international markets, including North America, Europe, and Asia.