Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down – Here’s Why

Shares of Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) gapped down before the market opened on Tuesday . The stock had previously closed at $16.50, but opened at $14.22. Aisin Seiki shares last traded at $14.22, with a volume of 585 shares trading hands.

Aisin Seiki Stock Performance

The company has a 50-day moving average of $17.78 and a 200-day moving average of $17.48. The company has a market cap of $10.79 billion, a PE ratio of 9.74 and a beta of 0.44. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.22.

Aisin Seiki (OTCMKTS:ASEKY) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.16). The company had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $8.03 billion. Aisin Seiki had a net margin of 3.26% and a return on equity of 7.21%. As a group, analysts anticipate that Aisin Seiki Co. Ltd. Unsponsored ADR will post 0.89 earnings per share 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.