Aisin Seiki (OTCMKTS:ASEKY) Shares Break Above 50-Day Moving Average – What’s Next?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY)’s share price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $14.37 and traded as high as $14.44. Aisin Seiki shares last traded at $14.44, with a volume of 258 shares.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Aisin Seiki from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Aisin Seiki currently has an average rating of “Buy”.

Aisin Seiki Stock Performance

The stock has a 50-day simple moving average of $14.35 and a 200-day simple moving average of $14.75. The stock has a market cap of $9.98 billion, a PE ratio of 10.33 and a beta of 0.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.79 and a quick ratio of 1.27.

Aisin Seiki (OTCMKTS:ASEKY) last posted its earnings results on Thursday, October 29th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.09). The business had revenue of $8.45 billion for the quarter, compared to analyst estimates of $8.39 billion. Aisin Seiki had a net margin of 2.87% and a return on equity of 6.12%. Equities analysts predict that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.25 earnings per share for the current fiscal year.

About Aisin Seiki

Aisin Seiki Co, Ltd., now known as Aisin Corporation, is a Japanese manufacturer of automotive components and systems. The company develops and produces automatic and manual transmissions, hybrid and electric vehicle drive systems, engines and engine components, braking systems, chassis components, and body-related products. It also offers aftermarket parts and services for vehicles.

Established in 1965, Aisin became a major supplier to Toyota and other global vehicle manufacturers. Its products are used in passenger cars, commercial vehicles, and other mobility applications, while its business has expanded to include components designed for electrified vehicles and connected mobility.

Aisin serves automotive customers through manufacturing, engineering, and sales operations in Japan and international markets, including North America, Europe, and Asia.