Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY – Get Free Report) gapped down prior to trading 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.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Zacks Research raised Aisin Seiki from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Aisin Seiki has an average rating of “Buy”.
View Our Latest Research Report on ASEKY
Aisin Seiki Price Performance
Aisin Seiki (OTCMKTS:ASEKY – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $8.26 billion for the quarter, compared to the consensus estimate of $7.89 billion. Aisin Seiki had a net margin of 3.14% and a return on equity of 6.65%. On average, equities analysts forecast that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.4 EPS for the current year.
About Aisin Seiki
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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