Aisin Seiki (OTCMKTS:ASEKY) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Aisin Seiki (OTCMKTS:ASEKY) from a hold rating to a strong sell rating in a research report released on Wednesday morning,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Aisin Seiki Price Performance

Shares of ASEKY opened at $14.28 on Wednesday. Aisin Seiki has a 52 week low of $12.85 and a 52 week high of $19.50. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $10.36 billion, a price-to-earnings ratio of 9.84 and a beta of 0.50. The stock’s 50-day moving average price is $14.03 and its 200-day moving average price is $14.82.

Aisin Seiki (OTCMKTS:ASEKY) last posted its earnings results on Friday, July 31st. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $8.26 billion for the quarter, compared to analyst estimates of $7.89 billion. Aisin Seiki had a return on equity of 6.65% and a net margin of 3.14%. On average, sell-side analysts predict that Aisin Seiki will post 1.25 EPS for the current 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.