Aisin Seiki (OTCMKTS:ASEKY) Sees Unusually-High Trading Volume – Should You Buy?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) saw an uptick in trading volume on Thursday. Approximately 8,516 shares traded hands during trading, an increase of 307% from the previous session’s volume of 2,090 shares. The stock last traded at $13.75 and had previously closed at $14.18.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Aisin Seiki from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Aisin Seiki Price Performance

The company has a quick ratio of 1.27, a current ratio of 1.79 and a debt-to-equity ratio of 0.22. The company has a market cap of $9.98 billion, a PE ratio of 9.48 and a beta of 0.55. The stock has a 50-day simple moving average of $14.51 and a 200 day simple moving average of $14.39.

Aisin Seiki (OTCMKTS:ASEKY) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $8.26 billion during the quarter, compared to analysts’ expectations of $7.89 billion. Aisin Seiki had a net margin of 3.14% and a return on equity of 6.73%. Equities analysts expect that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.25 EPS for the current year.

Aisin Seiki Company Profile

Aisin Seiki Co, Ltd., now known as Aisin Corporation, is a Japanese automotive components manufacturer headquartered in Kariya, Aichi Prefecture. Established in 1965, the company is part of the Toyota Group and supplies components and systems to automakers worldwide, including Toyota and other global vehicle manufacturers.

Aisin’s product portfolio includes automatic and hybrid transmissions, drivetrain systems, engines and engine-related components, brakes, suspension systems, steering components, sunroofs, door systems and other body-related products.