Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down – Should You Sell?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $13.98, but opened at $12.89. Aisin Seiki shares last traded at $12.89, with a volume of 1,454 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. The Goldman Sachs Group raised Aisin Seiki from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Zacks Research raised shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Aisin Seiki has a consensus rating of “Buy”.

Aisin Seiki Price Performance

The stock has a fifty day moving average of $14.52 and a two-hundred day moving average of $16.01. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 8.42 and a beta of 0.51. The company has a current ratio of 1.74, a quick ratio of 1.17 and a debt-to-equity ratio of 0.22.

Aisin Seiki (OTCMKTS:ASEKY) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.24. The firm had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.01 billion. Aisin Seiki had a return on equity of 7.29% and a net margin of 3.34%. As a group, equities research analysts forecast that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.4 earnings per share for the current year.

About Aisin Seiki

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.