Aisin Seiki (OTCMKTS:ASEKY) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Aisin Seiki ADR saw trading volume surge to 12,045 shares, a 483% increase from the prior session, with the stock last trading at $14.975 (previous close $14.25).
• Zacks Research downgraded the stock from "hold" to a "strong sell", and the MarketBeat consensus rating is "Reduce".
• In the most recent quarter Aisin reported EPS of $0.33, missing estimates of $0.49 (an EPS miss), while revenue of $8.33 billion beat estimates; the company has a market cap of about $12.25 billion and a P/E of 11.05.

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY - Get Free Report) shares saw an uptick in trading volume on Wednesday . 12,045 shares changed hands during trading, an increase of 483% from the previous session's volume of 2,066 shares.The stock last traded at $14.9750 and had previously closed at $14.25.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Aisin Seiki from a "hold" rating to a "strong sell" rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce".

Aisin Seiki Price Performance

The company has a market cap of $12.25 billion, a price-to-earnings ratio of 11.05 and a beta of 0.49. The company has a fifty day simple moving average of $15.57 and a two-hundred day simple moving average of $17.11. 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 (OTCMKTS:ASEKY - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.16). The firm had revenue of $8.33 billion for the quarter, compared to analyst estimates of $8.03 billion. Aisin Seiki had a return on equity of 7.21% and a net margin of 3.26%. On average, equities research analysts anticipate that Aisin Seiki Co. Ltd. Unsponsored ADR will post 0.89 earnings per share for the current fiscal 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.

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