Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down – Here’s Why

Shares of Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) gapped down prior to trading on Wednesday . The stock had previously closed at $14.2750, but opened at $13.82. Aisin Seiki shares last traded at $13.82, with a volume of 1,593 shares.

Analysts Set New Price Targets

Several analysts recently weighed in on ASEKY shares. The Goldman Sachs Group upgraded shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Zacks Research lowered Aisin Seiki from a “hold” rating to a “strong sell” rating in a research 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Aisin Seiki Stock Performance

The company’s 50 day moving average price is $14.07 and its 200 day moving average price is $14.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.79 and a quick ratio of 1.28. The firm has a market cap of $10.03 billion, a PE ratio of 9.53 and a beta of 0.50.

Aisin Seiki (OTCMKTS:ASEKY) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $8.26 billion during 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 6.65%. As a group, analysts forecast 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., 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.