Aisin Seiki (OTCMKTS:ASEKY) Sees Large Volume Increase – Here’s What Happened

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) shares saw strong trading volume on Wednesday . 4,338 shares changed hands during trading, an increase of 473% from the previous session’s volume of 757 shares.The stock last traded at $15.53 and had previously closed at $16.8950.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Aisin Seiki from a “hold” rating to a “strong sell” rating in a research report on Monday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Aisin Seiki presently has a consensus rating of “Reduce”.

Aisin Seiki Trading Down 8.1%

The company has a current ratio of 1.74, a quick ratio of 1.17 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $11.79 billion, a price-to-earnings ratio of 10.64 and a beta of 0.44. The firm’s 50-day moving average is $17.67 and its 200 day moving average is $17.47.

Aisin Seiki (OTCMKTS:ASEKY) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.16). The business 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%. On average, equities analysts predict that Aisin Seiki Co. Ltd. Unsponsored ADR will post 0.89 earnings per share for the current fiscal 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.