Aisin Seiki (OTCMKTS:ASEKY) Shares Down 14.5% – Here’s Why

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) was down 14.5% during mid-day trading on Wednesday . The company traded as low as $13.60 and last traded at $13.60. Approximately 281 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 2,170 shares. The stock had previously closed at $15.90.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ASEKY shares. Zacks Research raised shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. The Goldman Sachs Group raised shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Aisin Seiki Price Performance

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 firm has a market cap of $10.32 billion, a price-to-earnings ratio of 8.89 and a beta of 0.57. The stock’s 50 day moving average is $14.72 and its 200 day moving average is $16.49.

Aisin Seiki (OTCMKTS:ASEKY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.24. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.29%. The business had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.01 billion. Analysts forecast that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.4 EPS 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.