Aisin Seiki (OTCMKTS:ASEKY) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Aisin Seiki (OTCMKTS:ASEKY) from a hold rating to a strong sell rating in a research report report published on Monday morning,Zacks.com reports.

Aisin Seiki Stock Up 12.2%

OTCMKTS:ASEKY opened at $15.53 on Monday. 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 has a 12-month low of $8.54 and a 12-month high of $19.50. The stock’s fifty day simple moving average is $17.60 and its 200-day simple moving average is $17.46. The firm has a market capitalization of $11.79 billion, a P/E ratio of 10.64 and a beta of 0.44.

Aisin Seiki (OTCMKTS:ASEKY) last released its earnings results 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). 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 during the quarter, compared to analyst estimates of $8.03 billion. Equities research analysts expect that Aisin Seiki will post 0.89 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.