Asahi Kasei (OTCMKTS:AHKSY) Sets New 1-Year High – What’s Next?

Asahi Kasei Corp. (OTCMKTS:AHKSY) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $17.40 and last traded at $17.1235, with a volume of 1446 shares changing hands. The stock had previously closed at $16.6955.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Asahi Kasei to a “hold” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Asahi Kasei has an average rating of “Hold”.

Asahi Kasei Stock Performance

The firm has a market cap of $11.65 billion, a PE ratio of 14.41 and a beta of 0.46. The company has a quick ratio of 1.06, a current ratio of 1.81 and a debt-to-equity ratio of 0.44. The company has a 50-day simple moving average of $16.01 and a two-hundred day simple moving average of $15.04.

Asahi Kasei (OTCMKTS:AHKSY) last released its earnings results on Wednesday, November 5th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $5.12 billion. Asahi Kasei had a net margin of 3.95% and a return on equity of 7.41%.

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.