Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Up – Should You Buy?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $12.89, but opened at $14.2952. Aisin Seiki shares last traded at $14.2952, with a volume of 130 shares traded.

Wall Street Analyst Weigh In

Several research firms have commented on ASEKY. 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 Aisin Seiki from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Aisin Seiki Trading Up 10.9%

The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.21. The firm has a market cap of $10.38 billion, a P/E ratio of 9.34 and a beta of 0.51. The firm’s 50-day simple moving average is $14.23 and its 200 day simple moving average is $15.74.

Aisin Seiki (OTCMKTS:ASEKY) last released its earnings results on Tuesday, April 28th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.24. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.19%. The firm had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.01 billion. As a group, 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.