Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down – Should You Sell?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $14.2750, but opened at $13.82. Aisin Seiki shares last traded at $13.82, with a volume of 1,593 shares changing hands.

Wall Street Analyst Weigh In

ASEKY has been the subject of a number of analyst reports. The Goldman Sachs Group raised shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Zacks Research lowered shares of Aisin Seiki from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. One 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, Aisin Seiki presently has a consensus rating of “Moderate Buy”.

Aisin Seiki Stock Down 3.2%

The company has a current ratio of 1.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21. The stock has a 50-day simple moving average of $14.07 and a 200-day simple moving average of $14.77. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 9.53 and a beta of 0.50.

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