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

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY)’s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $14.76, but opened at $13.88. Aisin Seiki shares last traded at $13.88, with a volume of 143 shares traded.

Analyst Ratings Changes

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

Aisin Seiki Stock Performance

The stock’s 50-day moving average price is $14.58 and its 200-day moving average price is $14.45. The company has a current ratio of 1.79, a quick ratio of 1.27 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $10.08 billion, a P/E ratio of 9.57 and a beta of 0.52.

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 business had revenue of $8.26 billion during the quarter, compared to the consensus estimate of $7.89 billion. Aisin Seiki had a net margin of 3.14% and a return on equity of 6.73%. As a group, equities analysts expect that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.25 EPS for the current 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.