Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Sees Large Decrease in Short Interest

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 196 shares, a decrease of 60.0% from the August 31st total of 490 shares. Based on an average daily trading volume, of 478 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Aisin Seiki Price Performance

Shares of Aisin Seiki stock remained flat at $14.81 during trading hours on Monday. The stock had a trading volume of 74 shares, compared to its average volume of 643. The company has a market cap of $10.75 billion, a price-to-earnings ratio of 10.21 and a beta of 0.52. Aisin Seiki has a 52-week low of $12.85 and a 52-week high of $19.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.27 and a current ratio of 1.79. The business has a 50 day moving average price of $14.59 and a two-hundred day moving average price of $14.45.

Aisin Seiki (OTCMKTS:ASEKY) last released its quarterly earnings data on Friday, July 31st. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $8.26 billion during the quarter, compared to analyst estimates of $7.89 billion. Aisin Seiki had a net margin of 3.14% and a return on equity of 6.73%. On average, research analysts forecast that Aisin Seiki will post 1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Aisin Seiki from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Aisin Seiki presently has a consensus rating of “Moderate Buy”.

About Aisin Seiki

Aisin Seiki Co, Ltd., now operating under the name Aisin Corporation, is a Japan-based automotive components manufacturer and a member of the Toyota Group. The company develops and produces systems and components used by automakers and other transportation-related customers.

Aisin’s products include automatic and manual transmissions, hybrid and electric-drive components, engine-related systems, brakes, chassis and suspension components, doors, sunroofs, and other body systems. The company also develops automotive electronics and products related to vehicle connectivity, as well as selected energy and lifestyle-related systems.

Founded in 1965, Aisin has expanded from its Japanese manufacturing base into an international supplier with research, production, and sales operations serving customers in Asia, North America, Europe, and other global markets.