Asahi Kasei (OTCMKTS:AHKSY) Shares Up 7.5% – What’s Next?

Shares of Asahi Kasei Corp. (OTCMKTS:AHKSY) traded up 7.5% on Monday . The stock traded as high as $22.44 and last traded at $22.44. 774 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 20,812 shares. The stock had previously closed at $20.87.

Wall Street Analyst Weigh In

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

Asahi Kasei Price Performance

The firm has a 50-day simple moving average of $18.73 and a 200-day simple moving average of $16.90. The firm has a market cap of $15.86 billion, a P/E ratio of 14.87 and a beta of 0.43. 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 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.