Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down – Should You Sell?

by · The Cerbat Gem

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY – Get Free Report) shares gapped down before the market opened on Tuesday . 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 changing hands.

Aisin Seiki Stock Performance

The firm has a market cap of $10.79 billion, a PE ratio of 9.74 and a beta of 0.44. 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 company has a 50-day simple moving average of $17.78 and a two-hundred day simple moving average of $17.48.

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

Aisin Seiki Company Profile

(Get Free Report)

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.

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