Asahi Kasei (OTCMKTS:AHKSY) Shares Pass Above 50-Day Moving Average – Time to Sell?

Asahi Kasei Co. (OTCMKTS:AHKSY)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $13.54 and traded as high as $14.29. Asahi Kasei shares last traded at $14.28, with a volume of 13,221 shares trading hands.

Asahi Kasei Stock Performance

The firm has a market capitalization of $10.13 billion, a PE ratio of 18.41 and a beta of 0.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 0.99. The firm has a fifty day moving average price of $13.56 and a 200 day moving average price of $14.01.

Asahi Kasei (OTCMKTS:AHKSY) last announced its earnings results on Wednesday, February 5th. The company reported $0.29 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.