Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Up – Should You Buy?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $14.2952, but opened at $15.1410. Aisin Seiki shares last traded at $15.1410, with a volume of 1,571 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ASEKY shares. The Goldman Sachs Group upgraded Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Zacks Research raised Aisin Seiki from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Aisin Seiki Price Performance

The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.21. The firm has a market cap of $10.99 billion, a PE ratio of 9.90 and a beta of 0.51. The firm’s fifty day simple moving average is $14.12 and its two-hundred day simple moving average is $15.44.

Aisin Seiki (OTCMKTS:ASEKY) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.24. The firm had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.01 billion. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.19%. As a group, research analysts expect that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.4 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.