Zacks Research Downgrades Aisin Seiki (OTCMKTS:ASEKY) to Strong Sell

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

Separately, The Goldman Sachs Group upgraded shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Aisin Seiki presently has an average rating of “Moderate Buy”.

Check Out Our Latest Analysis on ASEKY

Aisin Seiki Price Performance

Shares of OTCMKTS:ASEKY opened at $14.28 on Wednesday. Aisin Seiki has a fifty-two week low of $12.85 and a fifty-two week high of $19.50. The company’s 50-day moving average is $14.03 and its 200 day moving average is $14.82. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.79. The company has a market capitalization of $10.36 billion, a P/E ratio of 9.84 and a beta of 0.50.

Aisin Seiki (OTCMKTS:ASEKYGet Free Report) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. Aisin Seiki had a net margin of 3.14% and a return on equity of 6.65%. The company had revenue of $8.26 billion during the quarter, compared to analyst estimates of $7.89 billion. On average, equities research analysts forecast that Aisin Seiki will post 1.25 earnings per share for the current year.

Aisin Seiki Company Profile

(Get Free Report)

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.

Further Reading

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