Asahi Kasei (OTCMKTS:AHKSY) Sets New 12-Month High – What’s Next?

Asahi Kasei Corp. (OTCMKTS:AHKSY)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $19.6550 and last traded at $19.6550, with a volume of 2745 shares. The stock had previously closed at $19.4950.

Analyst Ratings Changes

Separately, Zacks Research raised Asahi Kasei to a “hold” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Asahi Kasei has a consensus rating of “Hold”.

Asahi Kasei Stock Performance

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.26 and a current ratio of 2.20. The company has a market cap of $14.06 billion, a PE ratio of 14.73 and a beta of 0.41. The company’s 50 day moving average price is $17.99 and its 200-day moving average price is $16.45.

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

About Asahi Kasei

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.