Aisin Seiki (OTCMKTS:ASEKY) Shares Gap Down - What's Next?

Key Points

• Aisin Seiki's shares gapped down from $18.08 to $17.22, marking a decline of 4.8% with a trading volume of 282 shares.
• The company's recent earnings report revealed $0.36 EPS, exceeding estimates of $0.24, with a substantial revenue of $8.19 billion.
• Aisin Seiki has a market capitalization of $13.07 billion and maintains a low debt-to-equity ratio of 0.24, indicating a healthy financial position.

Shares of Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $18.08, but opened at $17.22. Aisin Seiki shares last traded at $17.22, with a volume of 282 shares.

Aisin Seiki Stock Down 4.8%

The firm's 50 day moving average price is $15.41 and its 200-day moving average price is $13.07. The company has a market cap of $13.07 billion, a P/E ratio of 34.11 and a beta of 0.37. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.24.

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.12. The company had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $1,240.13 billion. As a group, equities research analysts expect 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.

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