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

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $14.2952, but opened at $15.1410. Aisin Seiki shares last traded at $15.1410, with a volume of 1,571 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ASEKY shares. Zacks Research upgraded Aisin Seiki from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. The Goldman Sachs Group raised shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Aisin Seiki presently has an average rating of “Buy”.

Aisin Seiki Stock Up 5.9%

The company has a market cap of $10.99 billion, a P/E ratio of 9.90 and a beta of 0.51. 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 company has a fifty day moving average of $14.12 and a 200 day moving average of $15.44.

Aisin Seiki (OTCMKTS:ASEKY) last posted 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. The company had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.01 billion. Aisin Seiki had a return on equity of 7.19% and a net margin of 3.34%. On average, research analysts anticipate that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.4 earnings per share for the current fiscal 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.