Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY – Get Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 3,902 shares, an increase of 1,071.8% from the April 15th total of 333 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,143 shares, the days-to-cover ratio is currently 3.4 days.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ASEKY. 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 shares of 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 MarketBeat, the stock presently has an average rating of “Buy”.
Read Our Latest Stock Report on ASEKY
Aisin Seiki Price Performance
Aisin Seiki (OTCMKTS:ASEKY – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.24. The firm had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.01 billion. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.29%. As a group, research analysts expect that Aisin Seiki 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.
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