AISIN SEIKI CO/ADR (OTCMKTS:ASEKY) Cut to “Sell” at Zacks Investment Research

AISIN SEIKI CO/ADR (OTCMKTS:ASEKY) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “Aisin Seiki Co., Ltd. is engages in the manufacture and sale of automotive parts. It operating segment consists of Aisin Seiki Group, Aisin Takaoka Group, Aisin AW Group, Advics Group and Others. Aisin Seiki Group segment provides general automotive parts and services, life and amenity-related equipment, public works and petroleum sales. Aisin Takaoka Group segment handles engine and brake cast components. Aisin AW Group deals with automatic transmissions and car navigation systems. Advics Group segment offers brake components. Others segment includes automotive parts lineup, energy systems, mainstay products for the major group companies, life and amenity products. Aisin Seiki Co., Ltd. is headquartered in Kariya, Japan. “

Separately, Goldman Sachs Group cut shares of AISIN SEIKI CO/ADR from a “neutral” rating to a “sell” rating in a research note on Monday, September 30th.

OTCMKTS:ASEKY remained flat at $$36.09 during mid-day trading on Tuesday. 23 shares of the company’s stock traded hands, compared to its average volume of 78. The company has a current ratio of 1.51, a quick ratio of 1.12 and a debt-to-equity ratio of 0.30. The business has a 50-day simple moving average of $37.40 and a 200 day simple moving average of $34.50. AISIN SEIKI CO/ADR has a 52-week low of $27.73 and a 52-week high of $41.07. The stock has a market capitalization of $10.63 billion, a P/E ratio of 14.44 and a beta of 1.50.

AISIN SEIKI CO/ADR (OTCMKTS:ASEKY) last posted its earnings results on Thursday, October 31st. The company reported $0.45 earnings per share for the quarter. AISIN SEIKI CO/ADR had a net margin of 1.92% and a return on equity of 4.09%. The firm had revenue of $8.84 billion during the quarter. Research analysts anticipate that AISIN SEIKI CO/ADR will post 1.59 earnings per share for the current year.

AISIN SEIKI CO/ADR Company Profile

Aisin Seiki Co, Ltd. manufactures and sells automotive parts, lifestyle and energy related products, and wellness related products worldwide. It offers powertrain related products, such as automatic, manual, and hybrid transmission products; and CVT, engine, and other products. The company also provides chassis and vehicle safety systems comprising parking assist systems, driver monitoring systems, disc brakes, brake assemblies, electric parking brakes, brake master cylinder with brake assistance, electronically controlled brake systems, ABS and ESC modulators, brake calipers, power tilt and telescopic steering columns, air suspension systems, and active rear steering systems.

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