Aisin Seiki (OTCMKTS:ASEKY) Raised to Hold at Zacks Research

Aisin Seiki (OTCMKTS:ASEKY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Aisin Seiki Stock Performance

Shares of OTCMKTS ASEKY opened at $14.30 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.79 and a quick ratio of 1.27. Aisin Seiki has a one year low of $12.85 and a one year high of $19.50. The business’s 50-day moving average price is $14.51 and its two-hundred day moving average price is $14.39. The company has a market capitalization of $10.38 billion, a P/E ratio of 9.86 and a beta of 0.55.

Aisin Seiki (OTCMKTS:ASEKY) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. Aisin Seiki had a net margin of 3.14% and a return on equity of 6.73%. The company had revenue of $8.26 billion for the quarter, compared to analyst estimates of $7.89 billion. Analysts anticipate that Aisin Seiki will post 1.25 earnings per share 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.