Asahi Kasei (OTCMKTS:AHKSY) Sees Strong Trading Volume – Still a Buy?

Asahi Kasei Corp. (OTCMKTS:AHKSY) shares saw unusually-high trading volume on Thursday . Approximately 27,213 shares traded hands during trading, an increase of 20% from the previous session’s volume of 22,732 shares.The stock last traded at $23.63 and had previously closed at $23.7720.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Asahi Kasei to a “hold” rating in a research note on Thursday, October 30th. Two investment 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 Stock Performance

The company has a market cap of $16.43 billion, a PE ratio of 15.41 and a beta of 0.43. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 2.11. The firm’s 50 day moving average is $19.80 and its 200-day moving average is $17.50.

Asahi Kasei Company Profile

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.