Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Up – Here’s What Happened

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $13.82, but opened at $14.80. Aisin Seiki shares last traded at $14.80, with a volume of 947 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Zacks Research downgraded Aisin Seiki from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. The Goldman Sachs Group raised Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Aisin Seiki has an average rating of “Moderate Buy”.

Aisin Seiki Stock Up 7.1%

The stock has a 50 day moving average price of $14.09 and a 200 day moving average price of $14.70. The company has a market capitalization of $10.75 billion, a P/E ratio of 10.21 and a beta of 0.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.79.

Aisin Seiki (OTCMKTS:ASEKY) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Aisin Seiki had a net margin of 3.14% and a return on equity of 6.65%. The business had revenue of $8.26 billion for the quarter, compared to the consensus estimate of $7.89 billion. Equities research analysts forecast that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.25 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.