Asahi Kasei (OTCMKTS:AHKSY) Shares Pass Above 50 Day Moving Average – Here’s Why

Asahi Kasei Co. (OTCMKTS:AHKSY)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $13.50 and traded as high as $14.21. Asahi Kasei shares last traded at $14.16, with a volume of 49,126 shares.

Asahi Kasei Trading Down 0.6 %

The company has a current ratio of 1.69, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The stock has a 50 day simple moving average of $13.50 and a 200-day simple moving average of $14.01. The firm has a market cap of $9.87 billion, a P/E ratio of 17.92 and a beta of 0.55.

Asahi Kasei (OTCMKTS:AHKSY) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.29 earnings per share (EPS) for the quarter. Asahi Kasei had a return on equity of 7.85% and a net margin of 2.77%.

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.