Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Up – Still a Buy?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $13.84, but opened at $15.75. Aisin Seiki shares last traded at $15.75, with a volume of 1,585 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Aisin Seiki from a “hold” rating to a “strong sell” rating in a report on Monday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Aisin Seiki presently has an average rating of “Reduce”.

Aisin Seiki Trading Up 1.4%

The firm has a market cap of $11.95 billion, a price-to-earnings ratio of 10.79 and a beta of 0.44. The business’s 50 day moving average price is $17.53 and its 200-day moving average price is $17.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.17 and a current ratio of 1.74.

Aisin Seiki (OTCMKTS:ASEKY) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.16). The firm had revenue of $8.33 billion for the quarter, compared to analyst estimates of $8.03 billion. Aisin Seiki had a net margin of 3.26% and a return on equity of 7.21%. Equities analysts expect that Aisin Seiki Co. Ltd. Unsponsored ADR will post 0.89 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.