Asahi Kasei (OTCMKTS:AHKSY) Sees Strong Trading Volume – Still a Buy?

Shares of Asahi Kasei Corp. (OTCMKTS:AHKSY) saw unusually-strong trading volume on Thursday . Approximately 15,208 shares traded hands during trading, a decline of 4% from the previous session’s volume of 15,800 shares.The stock last traded at $18.79 and had previously closed at $18.42.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Asahi Kasei to a “hold” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Asahi Kasei Stock Down 0.1%

The company has a debt-to-equity ratio of 0.46, a current ratio of 2.20 and a quick ratio of 1.26. The business’s fifty day moving average price is $17.32 and its two-hundred day moving average price is $16.04. The stock has a market capitalization of $13.04 billion, a PE ratio of 13.66 and a beta of 0.41.

Asahi Kasei (OTCMKTS:AHKSY) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). Asahi Kasei had a return on equity of 7.41% and a net margin of 4.64%.The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $5.12 billion.

Asahi Kasei Company Profile

Asahi Kasei Corp., headquartered in Tokyo, is a diversified Japanese manufacturer with operations spanning chemicals, homes, health care and electronics. Established in 1931, the company has grown from its origins in ammonia production to become a global supplier of advanced materials and solutions. Its broad product portfolio serves customers across Asia, Europe and the Americas, emphasizing innovation in polymer science, life sciences and residential construction.

Within its material science division, Asahi Kasei produces performance plastics, synthetic fibers and specialty chemicals used in automotive, consumer goods and industrial applications.