Aisin Seiki (OTCMKTS:ASEKY) Sees Large Volume Increase – Here’s Why

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) saw an uptick in trading volume on Wednesday . Approximately 8,480 shares were traded during mid-day trading, an increase of 359% from the previous session’s volume of 1,848 shares.The stock last traded at $14.81 and had previously closed at $15.0950.

Analyst Ratings Changes

Separately, Zacks Research downgraded Aisin Seiki from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Aisin Seiki presently has an average rating of “Moderate Buy”.

Aisin Seiki Price Performance

The company has a market capitalization of $10.75 billion, a P/E ratio of 10.21 and a beta of 0.52. The stock’s fifty day simple moving average is $14.55 and its 200-day simple moving average is $14.47. 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 (OTCMKTS:ASEKY) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $8.26 billion during the quarter, compared to analysts’ expectations of $7.89 billion. Aisin Seiki had a return on equity of 6.73% and a net margin of 3.14%. On average, equities analysts forecast that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.25 earnings per share for the current fiscal year.

Aisin Seiki Company Profile

Aisin Seiki Co, Ltd., now operating under the name Aisin Corporation, is a Japan-based automotive components manufacturer and a member of the Toyota Group. The company develops and produces systems and components used by automakers and other transportation-related customers.

Aisin’s products include automatic and manual transmissions, hybrid and electric-drive components, engine-related systems, brakes, chassis and suspension components, doors, sunroofs, and other body systems. The company also develops automotive electronics and products related to vehicle connectivity, as well as selected energy and lifestyle-related systems.

Founded in 1965, Aisin has expanded from its Japanese manufacturing base into an international supplier with research, production, and sales operations serving customers in Asia, North America, Europe, and other global markets.