Aisin Seiki (OTCMKTS:ASEKY) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

by · The Markets Daily

Aisin Seiki (OTCMKTS:ASEKY – Get Free Report) issued its earnings results on Friday. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01, Zacks reports. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.19%.

Aisin Seiki Stock Performance

OTCMKTS ASEKY remained flat at $14.27 during trading hours on Friday. 6 shares of the company were exchanged, compared to its average volume of 136. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.79. The company has a market cap of $10.36 billion, a PE ratio of 9.33 and a beta of 0.51. The business’s fifty day moving average price is $14.00 and its 200-day moving average price is $15.15. Aisin Seiki has a 12-month low of $12.36 and a 12-month high of $19.50.

Analysts Set New Price Targets

A number of brokerages recently commented on ASEKY. Zacks Research upgraded shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. The Goldman Sachs Group upgraded Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

View Our Latest Report on ASEKY

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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