Aisin Seiki (OTCMKTS:ASEKY) Rating Lowered to “Strong Sell” at 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 Monday,Zacks.com reports.

Aisin Seiki Price Performance

Shares of Aisin Seiki stock opened at $13.84 on Monday. The firm has a market cap of $10.50 billion, a PE ratio of 9.48 and a beta of 0.44. Aisin Seiki has a twelve month low of $8.54 and a twelve month high of $19.50. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $17.67 and a 200 day moving average price of $17.47.

Aisin Seiki (OTCMKTS:ASEKY) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.16). The business had revenue of $8.33 billion during the quarter, compared to analyst estimates of $8.03 billion. Aisin Seiki had a net margin of 3.26% and a return on equity of 7.21%. Sell-side analysts predict that Aisin Seiki will post 0.89 earnings per share for the current fiscal year.

Aisin Seiki Company Profile

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.