Asahi Kasei (OTCMKTS:AHKSY) Shares Pass Above 50-Day Moving Average – What’s Next?

Asahi Kasei Co. (OTCMKTS:AHKSY)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.44 and traded as high as $14.98. Asahi Kasei shares last traded at $14.65, with a volume of 22,248 shares trading hands.

Asahi Kasei Stock Down 2.0 %

The firm has a market cap of $10.21 billion, a P/E ratio of 20.93 and a beta of 0.65. The firm’s 50 day moving average is $14.44 and its two-hundred day moving average is $13.73. The company has a current ratio of 1.80, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36.

Asahi Kasei (OTCMKTS:AHKSY) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter. The company had revenue of $5.07 billion during the quarter. Asahi Kasei had a net margin of 2.47% and a return on equity of 7.65%.

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.