Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down – Time to Sell?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $15.1410, but opened at $14.2750. Aisin Seiki shares last traded at $14.2750, with a volume of 2,382 shares changing hands.

Analyst Ratings Changes

ASEKY has been the subject of several research analyst reports. The Goldman Sachs Group upgraded shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Zacks Research upgraded Aisin Seiki from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Aisin Seiki Stock Up 0.0%

The company has a current ratio of 1.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21. The firm has a market cap of $10.36 billion, a P/E ratio of 9.84 and a beta of 0.51. The firm’s 50 day moving average is $13.99 and its two-hundred day moving average is $14.91.

Aisin Seiki (OTCMKTS:ASEKY) last posted its earnings results on Friday, July 31st. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. Aisin Seiki had a net margin of 3.14% and a return on equity of 6.65%. The company had revenue of $8.26 billion for the quarter, compared to analyst estimates of $7.89 billion. As a group, research analysts anticipate 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.