Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Up Following Analyst Upgrade

Shares of Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) gapped up before the market opened on Thursday after The Goldman Sachs Group upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $14.2064, but opened at $15.55. Aisin Seiki shares last traded at $15.55, with a volume of 320 shares trading hands.

Separately, Zacks Research upgraded shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a research report on Tuesday. 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.com, Aisin Seiki currently has a consensus rating of “Buy”.

Aisin Seiki Stock Performance

The company has a current ratio of 1.74, a quick ratio of 1.17 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $15.01 and its 200 day moving average is $16.82. The stock has a market capitalization of $11.59 billion, a PE ratio of 9.98 and a beta of 0.49.

Aisin Seiki (OTCMKTS:ASEKY) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.24. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.29%. The firm had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.01 billion. On average, equities research analysts predict that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.53 earnings per share for the current fiscal year.

About Aisin Seiki

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.