Aisin Seiki (OTCMKTS:ASEKY) Stock Rating Raised to “Hold” at Zacks Research

Aisin Seiki (OTCMKTS:ASEKY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Aisin Seiki Price Performance

ASEKY opened at $14.30 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.79 and a quick ratio of 1.27. The company’s 50-day moving average is $14.51 and its 200 day moving average is $14.39. Aisin Seiki has a fifty-two week low of $12.85 and a fifty-two week high of $19.50. The firm has a market capitalization of $10.38 billion, a P/E ratio of 9.86 and a beta of 0.55.

Aisin Seiki (OTCMKTS:ASEKY) last released its quarterly earnings results on Friday, July 31st. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $8.26 billion for 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%. Research analysts expect that Aisin Seiki will post 1.25 earnings per share for the current fiscal year.

About Aisin Seiki

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.