Asahi Kasei (OTCMKTS:AHKSY) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Asahi Kasei Co. (OTCMKTS:AHKSY) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.31 and traded as high as $14.52. Asahi Kasei shares last traded at $14.03, with a volume of 39,736 shares changing hands.

Asahi Kasei Stock Up 0.1 %

The company has a quick ratio of 1.06, a current ratio of 1.80 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $9.79 billion, a PE ratio of 31.20 and a beta of 0.65. The business’s 50-day moving average price is $14.34 and its 200-day moving average price is $13.75.

Asahi Kasei (OTCMKTS:AHKSY) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.36 EPS for the quarter. Asahi Kasei had a return on equity of 7.00% and a net margin of 2.36%. The business had revenue of $4.72 billion for the quarter.

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.