Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down - Here's What Happened

Key Points

• Aisin Seiki's ADR gapped down pre-market, opening at $14.0650 from a $15.30 close — a roughly 8.1% decline on light volume (6,029 shares).
• Zacks Research downgraded the stock from "hold" to "strong sell", and MarketBeat shows a consensus analyst rating of "Reduce."
• In the latest quarter Aisin reported EPS of $0.33, missing the $0.49 estimate by $0.16 while revenue of $8.33B beat expectations; the stock trades at a P/E of 9.63 with a $10.68B market cap.

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $15.30, but opened at $14.0650. Aisin Seiki shares last traded at $14.0650, with a volume of 6,029 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Aisin Seiki from a "hold" rating to a "strong sell" rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce".

Aisin Seiki Stock Down 8.1%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.17 and a current ratio of 1.74. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 9.63 and a beta of 0.44. The firm has a fifty day moving average price of $16.66 and a 200 day moving average price of $17.41.

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) last released its quarterly earnings data 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 business had revenue of $8.33 billion during the quarter, compared to analysts' expectations of $8.03 billion. Aisin Seiki had a return on equity of 7.21% and a net margin of 3.26%. As a group, sell-side analysts expect that Aisin Seiki Co. Ltd. Unsponsored ADR will post 0.89 EPS 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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