Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down – Should You Sell?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY)’s share price gapped down before the market opened on Monday. The stock had previously closed at $14.76, but opened at $14.18. Aisin Seiki shares last traded at $14.18, with a volume of 431 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Aisin Seiki from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat, Aisin Seiki presently has a consensus rating of “Moderate Buy”.

Aisin Seiki Stock Up 2.2%

The stock has a market cap of $10.29 billion, a PE ratio of 9.78 and a beta of 0.55. The business has a 50 day moving average of $14.51 and a 200-day moving average of $14.41. The company has a current ratio of 1.79, a quick ratio of 1.27 and a debt-to-equity ratio of 0.22.

Aisin Seiki (OTCMKTS:ASEKY) last announced its earnings results on Friday, July 31st. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. Aisin Seiki had a net margin of 3.14% and a return on equity of 6.73%. The business had revenue of $8.26 billion during the quarter, compared to the consensus estimate of $7.89 billion. Equities research analysts predict that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.25 EPS for the current fiscal year.

Aisin Seiki Company Profile

Aisin Seiki Co, Ltd., now known as Aisin Corporation, is a Japanese automotive components manufacturer headquartered in Kariya, Aichi Prefecture. Established in 1965, the company is part of the Toyota Group and supplies components and systems to automakers worldwide, including Toyota and other global vehicle manufacturers.

Aisin’s product portfolio includes automatic and hybrid transmissions, drivetrain systems, engines and engine-related components, brakes, suspension systems, steering components, sunroofs, door systems and other body-related products.