Asahi Kasei (OTCMKTS:AHKSY) Sets New 1-Year High – Time to Buy?

Asahi Kasei Corp. (OTCMKTS:AHKSY)’s share price hit a new 52-week high on Monday . The company traded as high as $17.53 and last traded at $17.53, with a volume of 998 shares traded. The stock had previously closed at $16.92.

Wall Street Analyst Weigh In

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

Asahi Kasei Stock Performance

The company has a current ratio of 2.20, a quick ratio of 1.26 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average is $16.07 and its 200 day moving average is $15.21. The company has a market cap of $12.17 billion, a PE ratio of 12.74 and a beta of 0.44.

Asahi Kasei (OTCMKTS:AHKSY) last announced its earnings results on Wednesday, November 5th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.03). The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $5.12 billion. Asahi Kasei had a net margin of 4.64% and a return on equity of 7.41%.

Asahi Kasei Company Profile

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.