Aisin Seiki (OTCMKTS:ASEKY) Sees Strong Trading Volume – Should You Buy?

Shares of Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) saw unusually-strong trading volume on Wednesday. Approximately 8,480 shares traded hands during mid-day trading, an increase of 359% from the previous session’s volume of 1,848 shares. The stock last traded at $14.81 and had previously closed at $15.0950.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Aisin Seiki from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Aisin Seiki Stock Performance

The company has a 50-day moving average of $14.58 and a 200 day moving average of $14.45. The company has a quick ratio of 1.27, a current ratio of 1.79 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $10.75 billion, a PE ratio of 10.21 and a beta of 0.52.

Aisin Seiki (OTCMKTS:ASEKY) last released its quarterly earnings results on Friday, July 31st. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $8.26 billion for the quarter, compared to analysts’ expectations of $7.89 billion. Aisin Seiki had a return on equity of 6.73% and a net margin of 3.14%. Equities research analysts predict that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.25 EPS for the current year.

About Aisin Seiki

Aisin Seiki Co, Ltd., now operating under the name Aisin Corporation, is a Japan-based automotive components manufacturer and a member of the Toyota Group. The company develops and produces systems and components used by automakers and other transportation-related customers.

Aisin’s products include automatic and manual transmissions, hybrid and electric-drive components, engine-related systems, brakes, chassis and suspension components, doors, sunroofs, and other body systems. The company also develops automotive electronics and products related to vehicle connectivity, as well as selected energy and lifestyle-related systems.

Founded in 1965, Aisin has expanded from its Japanese manufacturing base into an international supplier with research, production, and sales operations serving customers in Asia, North America, Europe, and other global markets.