Aisin Seiki (OTCMKTS:ASEKY) Stock Price Up 7.3% – Here’s Why

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY)’s stock price was up 7.3% on Tuesday . The stock traded as high as $15.53 and last traded at $15.53. Approximately 357 shares changed hands during trading, a decline of 88% from the average daily volume of 2,874 shares. The stock had previously closed at $14.47.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Aisin Seiki from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Aisin Seiki Price Performance

The company has a market cap of $11.53 billion, a price-to-earnings ratio of 10.40 and a beta of 0.49. The company’s 50-day simple moving average is $15.21 and its 200-day simple moving average is $16.92. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.74 and a quick ratio of 1.17.

Aisin Seiki (OTCMKTS:ASEKY) last released 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 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 analyst estimates of $8.03 billion. On average, equities research analysts anticipate that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.16 EPS for the current year.

Aisin Seiki Company Profile

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.