Asahi Kasei (OTCMKTS:AHKSY) Sets New 52-Week High – Here’s What Happened

Asahi Kasei Corp. (OTCMKTS:AHKSY)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $19.5077 and last traded at $19.2450, with a volume of 1207 shares traded. The stock had previously closed at $18.7518.

Wall Street Analyst Weigh In

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

Asahi Kasei Trading Up 0.8%

The business has a 50 day moving average of $17.51 and a 200-day moving average of $16.18. The stock has a market cap of $13.18 billion, a PE ratio of 13.80 and a beta of 0.41. The company has a current ratio of 2.20, a quick ratio of 1.26 and a debt-to-equity ratio of 0.46.

Asahi Kasei (OTCMKTS:AHKSY) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.31 earnings per share (EPS) 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 analysts’ expectations of $5.12 billion. Asahi Kasei had a net margin of 4.64% and a return on equity of 7.41%.

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.