Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Up – Should You Buy?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $12.89, but opened at $14.2952. Aisin Seiki shares last traded at $14.2952, with a volume of 130 shares trading hands.

Analyst Ratings Changes

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

Aisin Seiki Price Performance

The stock has a market capitalization of $10.38 billion, a P/E ratio of 9.34 and a beta of 0.51. The business’s 50 day simple moving average is $14.23 and its two-hundred day simple moving average is $15.74. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.21.

Aisin Seiki (OTCMKTS:ASEKY) last posted its earnings results on Tuesday, April 28th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.32 by $0.24. The company had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.01 billion. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.19%. 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.