Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Up – Still a Buy?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) gapped up before the market opened on Friday . The stock had previously closed at $13.84, but opened at $15.75. Aisin Seiki shares last traded at $15.75, with a volume of 1,585 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Aisin Seiki from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Aisin Seiki Stock Up 1.4%

The stock has a market capitalization of $11.95 billion, a P/E ratio of 10.79 and a beta of 0.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.74 and a quick ratio of 1.17. The stock has a fifty day moving average price of $17.47 and a 200 day moving average price of $17.46.

Aisin Seiki (OTCMKTS:ASEKY) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.16). Aisin Seiki had a net margin of 3.26% and a return on equity of 7.21%. The company had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $8.03 billion. On average, research analysts forecast 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.