Aisin Seiki (OTCMKTS:ASEKY) Sets New 1-Year High - Here's Why

Key Points

• Aisin Seiki reached a new 52-week high, trading at $14.95, significantly up from its previous close at $13.44.
• Analysts at Sanford C. Bernstein upgraded the stock to a "hold" rating, indicating a change in their outlook on the company's performance.
• The company reported an earnings per share (EPS) of $0.36, surpassing expectations and indicating strong revenue performance.

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $14.95 and last traded at $14.95, with a volume of 206 shares changing hands. The stock had previously closed at $13.44.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded Aisin Seiki to a "hold" rating in a research report on Monday, April 14th.

Aisin Seiki Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.13. The company has a market capitalization of $11.41 billion, a P/E ratio of 28.36 and a beta of 0.43. The company has a 50 day moving average of $12.79 and a 200-day moving average of $11.81.

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.12. The business had revenue of $8.19 billion during the quarter, compared to the consensus estimate of $1,240.13 billion. As a group, equities analysts anticipate that Aisin Seiki Co. Ltd. Unsponsored ADR will post 0.89 EPS for the current year.

About Aisin Seiki

Aisin Corporation manufactures and sells automotive parts, and energy and lifestyle related products. It provides powertrain products comprising 1 motor hybrid transmission and eaxle products; chassis and vehicle safety systems, such as automated parking systems and electronically controlled brake systems; power sliding door systems and sunroof products; connected and sharing solutions; and repair and maintenance products.