Aisin Seiki (OTCMKTS:ASEKY) Stock Rating Raised to “Hold” at Zacks Research

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

Aisin Seiki Stock Performance

OTCMKTS:ASEKY opened at $14.30 on Monday. Aisin Seiki has a 52 week low of $12.85 and a 52 week high of $19.50. The company has a fifty day simple moving average of $14.51 and a two-hundred day simple moving average of $14.39. The company has a quick ratio of 1.27, a current ratio of 1.79 and a debt-to-equity ratio of 0.22. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 9.86 and a beta of 0.55.

Aisin Seiki (OTCMKTS:ASEKY) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The business 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%. As a group, equities analysts anticipate that Aisin Seiki will post 1.25 earnings per share for the current fiscal year.

About Aisin Seiki

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.