Aisin Seiki (OTCMKTS:ASEKY) Cut to “Strong Sell” at Zacks Research

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

Aisin Seiki Trading Down 18.1%

Shares of Aisin Seiki stock opened at $13.84 on Monday. Aisin Seiki has a fifty-two week low of $8.54 and a fifty-two week high of $19.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.17 and a current ratio of 1.74. The company has a market capitalization of $10.50 billion, a P/E ratio of 9.48 and a beta of 0.44. The company has a fifty day moving average of $17.67 and a 200 day moving average of $17.47.

Aisin Seiki (OTCMKTS:ASEKY) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.16). The business had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $8.03 billion. Aisin Seiki had a net margin of 3.26% and a return on equity of 7.21%. On average, sell-side analysts anticipate that Aisin Seiki will post 0.89 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.