Aisin Seiki (OTCMKTS:ASEKY) Sees Unusually-High Trading Volume – Still a Buy?

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) shares saw unusually-strong trading volume on Thursday. Approximately 8,516 shares were traded during trading, an increase of 307% from the previous session’s volume of 2,090 shares. The stock last traded at $13.75 and had previously closed at $14.18.

Analyst Ratings Changes

Separately, Zacks Research downgraded Aisin Seiki from a “hold” rating to a “strong sell” rating in a research note 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 data from MarketBeat, the company has an average rating of “Moderate Buy”.

Aisin Seiki Price Performance

The stock has a market cap of $10.38 billion, a P/E ratio of 9.86 and a beta of 0.55. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.27 and a current ratio of 1.79. The business has a 50 day simple moving average of $14.51 and a 200-day simple moving average of $14.39.

Aisin Seiki (OTCMKTS:ASEKY) last released its earnings results on Friday, July 31st. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $8.26 billion for the quarter, compared to analysts’ expectations of $7.89 billion. Aisin Seiki had a return on equity of 6.73% and a net margin of 3.14%. On average, sell-side analysts forecast that Aisin Seiki Co. Ltd. Unsponsored ADR will post 1.25 EPS for the current 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.