Aisin Seiki (OTCMKTS:ASEKY – Get Free Report) released its earnings results on Thursday. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.09), Zacks reports. The company had revenue of $8.45 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Aisin Seiki had a return on equity of 6.12% and a net margin of 2.87%.
Aisin Seiki Stock Performance
Shares of Aisin Seiki stock opened at $13.68 on Friday. The business’s 50 day moving average price is $14.47 and its 200 day moving average price is $14.89. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 10.75 and a beta of 0.55. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.27 and a current ratio of 1.79. Aisin Seiki has a one year low of $12.85 and a one year high of $19.50.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.
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About Aisin Seiki
Aisin Seiki Co, Ltd., now known as Aisin Corporation, is a Japanese manufacturer of automotive components and systems. The company develops and produces automatic and manual transmissions, hybrid and electric vehicle drive systems, engines and engine components, braking systems, chassis components, and body-related products. It also offers aftermarket parts and services for vehicles.
Established in 1965, Aisin became a major supplier to Toyota and other global vehicle manufacturers. Its products are used in passenger cars, commercial vehicles, and other mobility applications, while its business has expanded to include components designed for electrified vehicles and connected mobility.
Aisin serves automotive customers through manufacturing, engineering, and sales operations in Japan and international markets, including North America, Europe, and Asia.
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