Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down – Here’s Why

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $14.76, but opened at $13.88. Aisin Seiki shares last traded at $13.88, with a volume of 143 shares.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Aisin Seiki from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Aisin Seiki Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.79 and a quick ratio of 1.27. The company has a market cap of $10.08 billion, a P/E ratio of 9.57 and a beta of 0.52. The stock has a 50-day moving average of $14.53 and a 200 day moving average of $14.43.

Aisin Seiki (OTCMKTS:ASEKY) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $8.26 billion during the quarter, compared to the consensus estimate of $7.89 billion. Aisin Seiki had a return on equity of 6.73% and a net margin of 3.14%. Research analysts anticipate that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.25 earnings per share for the current year.

About Aisin Seiki

Aisin Seiki Co, Ltd., now known as Aisin Corporation, is a Japanese automotive components manufacturer headquartered in Kariya, Aichi Prefecture. Established in 1965, the company is part of the Toyota Group and supplies components and systems to automakers worldwide, including Toyota and other global vehicle manufacturers.

Aisin’s product portfolio includes automatic and hybrid transmissions, drivetrain systems, engines and engine-related components, brakes, suspension systems, steering components, sunroofs, door systems and other body-related products.