Asahi Kasei Corp. (OTCMKTS:AHKSY - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $13.93, but opened at $14.51. Asahi Kasei shares last traded at $14.51, with a volume of 338 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, CLSA downgraded shares of Asahi Kasei from a "moderate buy" rating to a "hold" rating in a research report on Thursday, June 5th.
View Our Latest Stock Analysis on Asahi Kasei
Asahi Kasei Stock Performance
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 stock has a market cap of $9.56 billion, a price-to-earnings ratio of 10.72 and a beta of 0.47. The stock's 50-day moving average is $13.77 and its 200 day moving average is $13.68.
Asahi Kasei (OTCMKTS:AHKSY - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.14. Asahi Kasei had a net margin of 4.44% and a return on equity of 7.03%. The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.21 billion.
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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