Asahi Kasei Corp. (OTCMKTS:AHKSY - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $13.71 and traded as high as $14.18. Asahi Kasei shares last traded at $14.05, with a volume of 17,036 shares traded.
Analyst Upgrades and Downgrades
Separately, CLSA cut 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 Report on Asahi Kasei
Asahi Kasei Stock Up 0.2%
The firm has a market capitalization of $9.98 billion, a P/E ratio of 11.18 and a beta of 0.47. The firm's 50-day moving average is $13.74 and its 200 day moving average is $13.66. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.09 and a current ratio of 1.83.
Asahi Kasei (OTCMKTS:AHKSY - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.21 by $0.14. The business had revenue of $5.36 billion for the quarter, compared to analysts' expectations of $5.21 billion. Asahi Kasei had a net margin of 4.44% and a return on equity of 7.03%.
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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