Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down – Should You Sell?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKYGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $14.2750, but opened at $13.82. Aisin Seiki shares last traded at $13.82, with a volume of 1,593 shares trading hands.

Analysts Set New Price Targets

ASEKY has been the topic of several recent analyst reports. The Goldman Sachs Group raised Aisin Seiki from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Zacks Research cut Aisin Seiki from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Aisin Seiki has an average rating of “Moderate Buy”.

View Our Latest Research Report on Aisin Seiki

Aisin Seiki Trading Down 3.2%

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 firm’s 50-day simple moving average is $14.07 and its 200 day simple moving average is $14.77. The stock has a market capitalization of $10.03 billion, a P/E ratio of 9.53 and a beta of 0.50.

Aisin Seiki (OTCMKTS:ASEKYGet Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.28 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $7.89 billion. Equities research analysts anticipate that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.25 EPS for the current fiscal year.

About Aisin Seiki

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Aisin Seiki Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aisin Seiki and related companies with MarketBeat.com's FREE daily email newsletter.