Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down – What’s Next?

Shares of Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) gapped down prior to trading on Monday. The stock had previously closed at $14.76, but opened at $14.18. Aisin Seiki shares last traded at $14.18, with a volume of 431 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Aisin Seiki from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Aisin Seiki Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.27 and a current ratio of 1.79. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 9.78 and a beta of 0.55. The firm has a 50-day simple moving average of $14.51 and a two-hundred day simple moving average of $14.41.

Aisin Seiki (OTCMKTS:ASEKY) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.28 earnings per share (EPS) 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 analysts’ expectations of $7.89 billion. Aisin Seiki had a net margin of 3.14% and a return on equity of 6.73%. On average, sell-side analysts anticipate that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.25 EPS for the current fiscal year.

Aisin Seiki Company Profile

Aisin Seiki Co, Ltd., now known as Aisin Corporation, is a Japanese automotive components manufacturer headquartered in Kariya, Aichi Prefecture. Established in 1965, the company is part of the Toyota Group and supplies components and systems to automakers worldwide, including Toyota and other global vehicle manufacturers.

Aisin’s product portfolio includes automatic and hybrid transmissions, drivetrain systems, engines and engine-related components, brakes, suspension systems, steering components, sunroofs, door systems and other body-related products.