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

Shares of Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) gapped up prior to trading 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 changing hands.

Analysts Set New Price Targets

A number of analysts recently commented on the company. The Goldman Sachs Group raised Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Zacks Research upgraded Aisin Seiki from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Aisin Seiki presently has a consensus rating of “Buy”.

Aisin Seiki Stock Performance

The stock’s 50 day simple moving average is $14.21 and its two-hundred day simple moving average is $15.67. The stock has a market capitalization of $10.38 billion, a PE ratio of 9.34 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.79 and a quick ratio of 1.28.

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, topping the consensus estimate of $0.32 by $0.24. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.19%. The company had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.01 billion. On average, sell-side analysts expect that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.4 EPS 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.