Asahi Kasei (OTCMKTS:AHKSY) Shares Gap Down - Time to Sell?

Key Points

• Asahi Kasei Corp.'s stock price gapped down from $15.86 to $15.36 before trading, with the latest price at $15.95 and a trading volume of 1,642 shares.
• The company reported quarterly earnings of $0.45 EPS, exceeding estimates of $0.27, but revenue at $4.96 billion fell short of the $5.15 billion forecast.
• Asahi Kasei has financial ratios indicating stability, with a quick ratio of 1.09 and a debt-to-equity ratio of 0.46, alongside a current market cap of $11.06 billion.

Asahi Kasei Corp. (OTCMKTS:AHKSY - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $15.86, but opened at $15.36. Asahi Kasei shares last traded at $15.95, with a volume of 1,642 shares traded.

Asahi Kasei Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.83 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $15.83 and a 200 day moving average of $14.45. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 13.68 and a beta of 0.46.

Asahi Kasei (OTCMKTS:AHKSY - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.27 by $0.18. Asahi Kasei had a return on equity of 7.48% and a net margin of 3.95%.The business had revenue of $4.96 billion for the quarter, compared to analysts' expectations of $5.15 billion.

About Asahi Kasei

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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