Aisin Seiki (OTCMKTS:ASEKY) Announces Quarterly Earnings Results, Misses Expectations By $0.16 EPS

Aisin Seiki (OTCMKTS:ASEKY) posted its quarterly earnings results on Thursday. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.16), Zacks reports. Aisin Seiki had a return on equity of 6.73% and a net margin of 3.14%.

Aisin Seiki Stock Performance

OTCMKTS ASEKY remained flat at $14.29 during midday trading on Thursday. The company’s stock had a trading volume of 119 shares, compared to its average volume of 758. The business has a fifty day moving average of $14.46 and a 200-day moving average of $14.94. The stock has a market cap of $10.38 billion, a P/E ratio of 9.86 and a beta of 0.52. The company has a quick ratio of 1.27, a current ratio of 1.79 and a debt-to-equity ratio of 0.22. Aisin Seiki has a 52-week low of $12.85 and a 52-week high of $19.50.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Aisin Seiki from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy”.

About Aisin Seiki

Aisin Seiki Co, Ltd., now known as Aisin Corporation, is a Japanese manufacturer of automotive components and systems. The company develops and produces automatic and manual transmissions, hybrid and electric vehicle drive systems, engines and engine components, braking systems, chassis components, and body-related products. It also offers aftermarket parts and services for vehicles.

Established in 1965, Aisin became a major supplier to Toyota and other global vehicle manufacturers. Its products are used in passenger cars, commercial vehicles, and other mobility applications, while its business has expanded to include components designed for electrified vehicles and connected mobility.

Aisin serves automotive customers through manufacturing, engineering, and sales operations in Japan and international markets, including North America, Europe, and Asia.