Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down on Analyst Downgrade

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) gapped down prior to trading on Tuesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock had previously closed at $16.50, but opened at $14.22. Aisin Seiki shares last traded at $14.22, with a volume of 585 shares.

Aisin Seiki Price Performance

The firm has a 50-day simple moving average of $17.60 and a two-hundred day simple moving average of $17.46. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 10.64 and a beta of 0.44. The company has a current ratio of 1.74, a quick ratio of 1.17 and a debt-to-equity ratio of 0.22.

Aisin Seiki (OTCMKTS:ASEKY) last issued its earnings results on Tuesday, February 3rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.16). The company had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $8.03 billion. Aisin Seiki had a return on equity of 7.21% and a net margin of 3.26%. As a group, analysts predict that Aisin Seiki Co. Ltd. Unsponsored ADR will post 0.89 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.