Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down – Here’s Why

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $14.25, but opened at $13.65. Aisin Seiki shares last traded at $13.65, with a volume of 2,408 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. 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. Zacks Research upgraded shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

Aisin Seiki Price Performance

The firm has a market cap of $10.16 billion, a price-to-earnings ratio of 9.15 and a beta of 0.51. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.74 and a quick ratio of 1.17. The stock has a 50-day moving average of $14.63 and a 200-day moving average of $16.12.

Aisin Seiki (OTCMKTS:ASEKY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.24. The firm had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.01 billion. Aisin Seiki had a return on equity of 7.29% and a net margin of 3.34%. Sell-side analysts predict that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.4 EPS for the current fiscal year.

Aisin Seiki Company Profile

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.