Aisin Seiki (OTCMKTS:ASEKY – Get Free Report) posted its earnings results on Friday. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01, Zacks reports. Aisin Seiki had a return on equity of 7.19% and a net margin of 3.34%.
Aisin Seiki Price Performance
Shares of OTCMKTS:ASEKY remained flat at $14.27 on Friday. 6 shares of the stock were exchanged, compared to its average volume of 136. Aisin Seiki has a 1-year low of $12.36 and a 1-year high of $19.50. The company has a market cap of $10.36 billion, a PE ratio of 9.33 and a beta of 0.51. The business has a 50-day moving average price of $14.00 and a 200-day moving average price of $15.15. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.21.
Analysts Set New Price Targets
A number of research analysts recently issued reports on ASEKY shares. The Goldman Sachs Group upgraded Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Zacks Research raised Aisin Seiki from a “strong sell” rating to a “hold” rating in a 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. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.
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.
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