Asahi Kasei (OTCMKTS:AHKSY) Shares Gap Up - What's Next?

Asahi Kasei Corp. (OTCMKTS:AHKSY - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $13.75, but opened at $14.41. Asahi Kasei shares last traded at $14.27, with a volume of 914 shares changing hands.

Analysts Set New Price Targets

Separately, CLSA cut Asahi Kasei from a "moderate buy" rating to a "hold" rating in a research report on Thursday, June 5th.

Asahi Kasei Stock Up 2.8%

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 1.09. The company has a market cap of $9.86 billion, a PE ratio of 11.05 and a beta of 0.47. The company has a fifty day moving average price of $13.69 and a 200 day moving average price of $13.66.

Asahi Kasei (OTCMKTS:AHKSY - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.21 by $0.14. Asahi Kasei had a return on equity of 7.03% and a net margin of 4.44%. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.21 billion.

Asahi Kasei Company Profile

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.