Aisin Seiki (OTCMKTS:ASEKY) Stock Price Down 14.5% – Here’s What Happened

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY)’s share price traded down 14.5% during trading on Wednesday . The company traded as low as $13.60 and last traded at $13.60. 281 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 2,170 shares. The stock had previously closed at $15.90.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ASEKY shares. Zacks Research upgraded Aisin Seiki from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group upgraded Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Aisin Seiki Stock Performance

The company’s fifty day simple moving average is $14.78 and its 200 day simple moving average is $16.55. The stock has a market capitalization of $10.32 billion, a P/E ratio of 8.89 and a beta of 0.57. The company has a current ratio of 1.74, a quick ratio of 1.17 and a debt-to-equity ratio of 0.22.

Aisin Seiki (OTCMKTS:ASEKY) last issued 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 company had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.01 billion. Aisin Seiki had a return on equity of 7.29% and a net margin of 3.34%. As a group, sell-side analysts forecast that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.4 earnings per share for the current fiscal 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.