Zacks Research Upgrades Aisin Seiki (OTCMKTS:ASEKY) to “Hold”

Aisin Seiki (OTCMKTS:ASEKY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Aisin Seiki Stock Performance

ASEKY stock traded up $1.07 during mid-day trading on Tuesday, reaching $15.55. 394 shares of the stock traded hands, compared to its average volume of 2,631. 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 business has a 50-day moving average of $15.03 and a two-hundred day moving average of $16.83. The firm has a market capitalization of $11.80 billion, a PE ratio of 10.65 and a beta of 0.49. Aisin Seiki has a 52 week low of $11.40 and a 52 week high of $19.50.

Aisin Seiki (OTCMKTS:ASEKY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.24. Aisin Seiki had a return on equity of 7.21% and a net margin of 3.26%.The business had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.44 billion. As a group, equities analysts predict that Aisin Seiki will post 1.14 EPS 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.