Zacks Investment Research downgraded shares of Asahi Kasei Corp (NASDAQ:AHKSY) from a strong-buy rating to a hold rating in a research note issued to investors on Monday.

According to Zacks, “ASAHI KASEI CORPORATION, provides innovative solutions based in chemistry and materials science to a diverse range of markets including fibers, chemicals, consumer products, housing, construction, electronics, and health care. On October 1, 2003, all core operations were transferred to wholly owned constituent corporations as autonomous operating business units. Asahi Kasei Corporation, as the parent company, functions as a holding company for group operations. An Independent Businesses Group not included in the constituent corporations provides group services. “

Asahi Kasei Corp (NASDAQ AHKSY) opened at 23.16 on Monday. Asahi Kasei Corp has a 1-year low of $15.43 and a 1-year high of $23.79.

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