Aisin Seiki (OTCMKTS:ASEKY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Aisin Seiki (OTCMKTS:ASEKY) from a strong sell rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.

Aisin Seiki Trading Up 7.4%

Shares of OTCMKTS ASEKY traded up $1.07 during trading on Tuesday, reaching $15.55. The company had a trading volume of 394 shares, compared to its average volume of 2,631. The company’s fifty day moving average price is $15.03 and its 200-day moving average price is $16.83. Aisin Seiki has a 12 month low of $11.40 and a 12 month high of $19.50. The stock has a market cap of $11.80 billion, a P/E ratio of 10.65 and a beta of 0.49. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.22.

Aisin Seiki (OTCMKTS:ASEKY) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.24. Aisin Seiki had a return on equity of 7.21% and a net margin of 3.26%.The firm had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.44 billion. As a group, research analysts expect that Aisin Seiki will post 1.14 earnings per share 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.