Asahi Kasei Corp. (OTCMKTS:AHKSY - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $13.97 and traded as high as $15.50. Asahi Kasei shares last traded at $15.50, with a volume of 36,352 shares.
Analyst Upgrades and Downgrades
Separately, CLSA downgraded Asahi Kasei from a "moderate buy" rating to a "hold" rating in a report on Thursday, June 5th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".
Read Our Latest Research Report on Asahi Kasei
Asahi Kasei Price Performance
The stock has a fifty day simple moving average of $14.11 and a 200-day simple moving average of $13.84. The stock has a market cap of $11.80 billion, a price-to-earnings ratio of 14.59 and a beta of 0.51. The company has a current ratio of 1.83, a quick ratio of 1.09 and a debt-to-equity ratio of 0.46.
Asahi Kasei (OTCMKTS:AHKSY - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.18. The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.15 billion. Asahi Kasei had a net margin of 3.95% and a return on equity of 7.48%.
Asahi Kasei Company Profile
(
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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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