Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down – What’s Next?
by Sarita Garza · The Markets DailyAisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY – Get Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $14.25, but opened at $13.40. Aisin Seiki shares last traded at $13.40, with a volume of 19,601 shares changing hands.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded Aisin Seiki from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Aisin Seiki presently has an average rating of “Reduce”.
View Our Latest Report on ASEKY
Aisin Seiki Stock Up 0.8%
The company has a market cap of $11.45 billion, a P/E ratio of 10.34 and a beta of 0.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.74 and a quick ratio of 1.17. The company’s 50-day moving average is $15.51 and its two-hundred day moving average is $17.07.
Aisin Seiki (OTCMKTS:ASEKY – Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.16). Aisin Seiki had a net margin of 3.26% and a return on equity of 7.21%. The firm had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $8.03 billion. As a group, equities 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.