Aisin Seiki (OTCMKTS:ASEKY) Stock Price Up 2.5% - Time to Buy?

Key Points

• Aisin Seiki's stock price increased by 2.5% during mid-day trading, reaching $15.40, despite a significant decline in trading volume.
• The company reported earnings of $0.36 per share for the last quarter, exceeding analysts' estimates of $0.24, with a revenue of $8.19 billion.
• Aisin Seiki has a market capitalization of $11.69 billion and a P/E ratio of 29.06, indicating its financial performance and valuation in the market.

Shares of Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY - Get Free Report) rose 2.5% during mid-day trading on Wednesday . The company traded as high as $15.40 and last traded at $15.40. Approximately 122 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 578 shares. The stock had previously closed at $15.03.

Aisin Seiki Trading Up 2.5%

The stock has a market capitalization of $11.69 billion, a P/E ratio of 29.06 and a beta of 0.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.13. The business's 50 day simple moving average is $13.01 and its 200-day simple moving average is $11.94.

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.12. The firm had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $1,240.13 billion. As a group, analysts forecast that Aisin Seiki Co. Ltd. Unsponsored ADR will post 0.89 EPS for the current year.

Aisin Seiki Company Profile

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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