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

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) gapped up before the market opened on Monday . The stock had previously closed at $14.2952, but opened at $15.1410. Aisin Seiki shares last traded at $15.1410, with a volume of 1,571 shares changing hands.

Wall Street Analyst Weigh In

ASEKY has been the subject of several research analyst reports. Zacks Research raised shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. The Goldman Sachs Group upgraded Aisin Seiki from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Aisin Seiki Price Performance

The company has a current ratio of 1.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21. The company has a 50 day simple moving average of $14.12 and a 200 day simple moving average of $15.39. The stock has a market cap of $10.99 billion, a P/E ratio of 9.90 and a beta of 0.51.

Aisin Seiki (OTCMKTS:ASEKY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.24. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.19%. The company had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.01 billion. Sell-side analysts forecast that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.4 earnings per share for the current fiscal 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.