Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down – What’s Next?

Shares of Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) gapped down prior to trading on Thursday . The stock had previously closed at $13.98, but opened at $12.89. Aisin Seiki shares last traded at $12.89, with a volume of 1,454 shares trading hands.

Analysts Set New Price Targets

ASEKY has been the subject of several recent analyst reports. The Goldman Sachs Group raised shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Zacks Research raised shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Aisin Seiki Price Performance

The firm has a 50 day simple moving average of $14.47 and a two-hundred day simple moving average of $15.95. The stock has a market capitalization of $9.36 billion, a P/E ratio of 8.42 and a beta of 0.51. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.22.

Aisin Seiki (OTCMKTS:ASEKY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.24. Aisin Seiki had a return on equity of 7.29% and a net margin of 3.34%.The company had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.01 billion. On average, equities research analysts expect that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.4 earnings per share 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.