CLSA downgraded shares of Asahi Kasei (OTCMKTS:AHKSY - Free Report) from a moderate buy rating to a hold rating in a research report report published on Thursday,Zacks.com reports.
Asahi Kasei Stock Performance
OTCMKTS AHKSY traded down $0.05 on Thursday, reaching $13.58. 11,777 shares of the stock were exchanged, compared to its average volume of 42,432. Asahi Kasei has a one year low of $12.12 and a one year high of $15.80. The firm has a market capitalization of $9.46 billion, a PE ratio of 17.19 and a beta of 0.47. The company's 50-day simple moving average is $13.63 and its two-hundred day simple moving average is $13.74. The company has a current ratio of 1.69, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43.
Asahi Kasei (OTCMKTS:AHKSY - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.14. The firm had revenue of $5.36 billion for the quarter, compared to analysts' expectations of $5.21 billion. Asahi Kasei had a net margin of 2.77% and a return on equity of 7.85%.
About Asahi Kasei
(
Get Free Report)
Asahi Kasei Corporation manufactures and sells chemicals. It offers caustic soda, chemical fertilizers, nitric acid, ammonia, acrylonitrile, methyl methacrylate, styrene, adipic acid, hexamethylene diamine, AH salt, propionitrile, sodium cyanide, acetonitrile, methacrylonitrile, cyclohexyl methacrylate, polyethylenes, polyethylenes powder, PMMA resin, polystyrene, polybutadiene rubbers, styrene/butadiene rubbers, clear styrenic copolymer, styrenic thermoplastic elastomer, hydrogenated styrenic elastomers, membranes and systems, functional materials, foams, purging compound, polyisocyanates, polycarbonatediol, aluminum paste, latex, photopolymers and platemaking systems, films, cyclohexanol, cyclohexane, and cyclohexene.
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