Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down - Should You Sell?

Key Points

• Aisin Seiki shares gapped down from $13.00 to $12.36 at market open, with only 607 shares traded.
• Analysts from Sanford C. Bernstein upgraded the stock to a "hold" rating on April 14th, indicating a cautious outlook.
• In its latest earnings report, Aisin Seiki reported an EPS of $0.49, exceeding analysts' expectations of $0.41, with a revenue of $8.99 billion.

Shares of Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $13.00, but opened at $12.36. Aisin Seiki shares last traded at $12.36, with a volume of 607 shares traded.

Analyst Ratings Changes

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

Aisin Seiki Stock Performance

The business's 50-day moving average is $12.58 and its 200 day moving average is $11.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.13 and a current ratio of 1.59.

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.08. The business had revenue of $8.99 billion for the quarter, compared to the consensus estimate of $1,239.54 billion. Equities research analysts anticipate 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.

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