Aisin Seiki (OTCMKTS:ASEKY) Reaches New 12-Month High - What's Next?

Key Points

• Shares of Aisin Seiki Co. hit a new 52-week high of $16.85, reflecting a slight increase from a previous close of $16.73.
• The company reported a quarterly earnings per share of $0.36, exceeding analysts' estimates of $0.24, alongside a revenue of $8.19 billion.
• Aisin Seiki has a solid financial position with a current ratio of 1.59 and a debt-to-equity ratio of 0.24.

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $16.85 and last traded at $16.85, with a volume of 103 shares traded. The stock had previously closed at $16.73.

Aisin Seiki Stock Performance

The business has a 50 day simple moving average of $14.21 and a 200-day simple moving average of $12.55. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 31.78 and a beta of 0.37.

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.12. The firm had revenue of $8.19 billion during the quarter, compared to analyst estimates of $1,240.13 billion. On average, equities analysts predict that Aisin Seiki Co. Ltd. Unsponsored ADR will post 0.89 earnings per share 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.