ASAHI KASEI COR/ADR (OTCMKTS:AHKSY) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of ASAHI KASEI COR/ADR from a “strong sell” rating to a “hold” rating in a research note on Tuesday.

AHKSY stock traded up $0.19 during mid-day trading on Friday, hitting $23.33. 13,483 shares of the company were exchanged, compared to its average volume of 41,140. The business has a fifty day simple moving average of $21.31 and a 200-day simple moving average of $20.38. The company has a quick ratio of 0.85, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. ASAHI KASEI COR/ADR has a 12-month low of $17.13 and a 12-month high of $23.69. The firm has a market capitalization of $16.08 billion, a P/E ratio of 11.49 and a beta of 0.69.


Asahi Kasei Corporation manufactures, processes, and sells chemical products in Japan and internationally. The company operates in three segments: Material, Homes, and Health Care. It offers cupro fiber, lining fabric, stretch fiber, spunbond nonwoven, cupro nonwoven fabric, microfiber suede, oil-water separator, deodorizing nonwoven, heat-press formable thermoplastic nonwoven, noise suppression sheet, filament, flame-resistant fiber, honeycomb fabric, cellulose nanobead, and elastic electric wire products.

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