Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down – Time to Sell?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) gapped down prior to trading on Tuesday . The stock had previously closed at $14.25, but opened at $13.65. Aisin Seiki shares last traded at $13.65, with a volume of 2,408 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ASEKY. Zacks Research upgraded Aisin Seiki from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group upgraded Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. One 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 has an average rating of “Buy”.

Aisin Seiki Stock Down 4.2%

The firm has a 50 day simple moving average of $14.60 and a two-hundred day simple moving average of $16.16. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $9.91 billion, a P/E ratio of 8.92 and a beta of 0.51.

Aisin Seiki (OTCMKTS:ASEKY) last released its earnings results on Tuesday, April 28th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.24. The firm had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.01 billion. Aisin Seiki had a return on equity of 7.29% and a net margin of 3.34%. On average, equities research analysts expect that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.4 earnings per share for the current 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.