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

Key Points

• Asahi Kasei Corp. shares gapped up from a previous close of $15.54 to open at $15.99, with the last traded price remaining at $15.99 and a volume of 615 shares.
• The company reported $0.45 earnings per share for the last quarter, exceeding expectations of $0.27, despite having a revenue of $4.96 billion, below the anticipated $5.15 billion.
• Asahi Kasei has a market cap of $11.13 billion, with a current ratio of 1.83 and a debt-to-equity ratio of 0.46, indicating a stable financial position.

Asahi Kasei Corp. (OTCMKTS:AHKSY - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $15.54, but opened at $15.99. Asahi Kasei shares last traded at $15.99, with a volume of 615 shares.

Asahi Kasei Stock Performance

The stock's 50-day moving average price is $16.04 and its 200 day moving average price is $14.51. 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 firm has a market cap of $11.13 billion, a P/E ratio of 13.77 and a beta of 0.46.

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