Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down – Should You Sell?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) shares gapped down prior to trading on Thursday . The stock had previously closed at $13.98, but opened at $12.89. Aisin Seiki shares last traded at $12.89, with a volume of 1,454 shares traded.

Analyst Ratings Changes

ASEKY has been the subject of several recent research reports. The Goldman Sachs Group raised shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Zacks Research upgraded shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. 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 MarketBeat.com, the stock has a consensus rating of “Buy”.

Aisin Seiki Price Performance

The stock has a 50 day moving average of $14.52 and a two-hundred day moving average of $16.01. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.17 and a current ratio of 1.74. The stock has a market cap of $9.36 billion, a PE ratio of 8.42 and a beta of 0.51.

Aisin Seiki (OTCMKTS:ASEKY) last posted its quarterly earnings data 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 net margin of 3.34% and a return on equity of 7.29%. The company had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.01 billion. Equities analysts anticipate 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.