Asahi Kasei Corp. (OTCMKTS:AHKSY - Get Free Report) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.74 and traded as low as $13.72. Asahi Kasei shares last traded at $13.79, with a volume of 5,941 shares changing hands.
Analyst Upgrades and Downgrades
Separately, CLSA cut Asahi Kasei from a "moderate buy" rating to a "hold" rating in a report on Thursday, June 5th.
View Our Latest Stock Analysis on Asahi Kasei
Asahi Kasei Trading Up 2.4%
The company has a current ratio of 1.83, a quick ratio of 1.09 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of 12.56 and a beta of 0.51. The firm's 50-day moving average is $13.75 and its 200 day moving average is $13.69.
Asahi Kasei (OTCMKTS:AHKSY - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.18. The business had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.15 billion. Asahi Kasei had a return on equity of 7.48% and a net margin of 3.95%.
Asahi Kasei Company Profile
(
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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