Aisin Seiki (OTCMKTS:ASEKY) Stock Rating Lowered by Zacks Research

Aisin Seiki (OTCMKTS:ASEKY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Aisin Seiki Stock Performance

OTCMKTS:ASEKY opened at $14.28 on Wednesday. The stock has a market cap of $10.36 billion, a P/E ratio of 9.84 and a beta of 0.50. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $14.03 and its two-hundred day moving average price is $14.82. Aisin Seiki has a twelve month low of $12.85 and a twelve month high of $19.50.

Aisin Seiki (OTCMKTS:ASEKY) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $8.26 billion during the quarter, compared to analyst estimates of $7.89 billion. Aisin Seiki had a return on equity of 6.65% and a net margin of 3.14%. As a group, equities analysts predict that Aisin Seiki will post 1.25 EPS 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.