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

Asahi Kasei Corp. (OTCMKTS:AHKSY)’s share price hit a new 52-week high on Wednesday . The company traded as high as $18.59 and last traded at $18.55, with a volume of 37773 shares. The stock had previously closed at $18.2038.

Analyst Ratings Changes

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

Asahi Kasei Trading Up 1.9%

The company has a market capitalization of $12.93 billion, a P/E ratio of 13.54 and a beta of 0.41. The company has a 50-day simple moving average of $16.96 and a 200 day simple moving average of $15.86. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.26 and a current ratio of 2.20.

Asahi Kasei (OTCMKTS:AHKSY) last announced its quarterly earnings data 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 return on equity of 7.41% and a net margin of 4.64%.

About Asahi Kasei

Asahi Kasei Corp., headquartered in Tokyo, is a diversified Japanese manufacturer with operations spanning chemicals, homes, health care and electronics. Established in 1931, the company has grown from its origins in ammonia production to become a global supplier of advanced materials and solutions. Its broad product portfolio serves customers across Asia, Europe and the Americas, emphasizing innovation in polymer science, life sciences and residential construction.

Within its material science division, Asahi Kasei produces performance plastics, synthetic fibers and specialty chemicals used in automotive, consumer goods and industrial applications.