Asahi Kasei Corp. (OTCMKTS:AHKSY - Get Free Report)'s share price passed 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.
Wall Street Analysts Forecast Growth
Separately, CLSA cut Asahi Kasei from a "moderate buy" rating to a "hold" rating in a research note on Thursday, June 5th.
Get Our Latest Stock Analysis on Asahi Kasei
Asahi Kasei Stock 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 cap of $9.92 billion, a PE ratio of 12.27 and a beta of 0.52. The stock has a fifty day simple moving average of $13.74 and a two-hundred day simple moving average of $13.68.
Asahi Kasei (OTCMKTS:AHKSY - Get Free Report) last posted its earnings results 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 analyst estimates of $5.15 billion. Asahi Kasei had a return on equity of 7.48% and a net margin of 3.95%.
About Asahi Kasei
(
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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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