Asahi Kasei (OTCMKTS:AHKSY) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Asahi Kasei Co. (OTCMKTS:AHKSY)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.78 and traded as high as $14.41. Asahi Kasei shares last traded at $13.87, with a volume of 10,641 shares.

Asahi Kasei Stock Performance

The company has a market cap of $8.96 billion, a PE ratio of 16.28 and a beta of 0.55. The company has a quick ratio of 0.99, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average is $13.77 and its 200-day moving average is $14.00.

Asahi Kasei (OTCMKTS:AHKSY) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.29 earnings per share for the quarter. Asahi Kasei had a net margin of 2.77% and a return on equity of 7.85%.

Asahi Kasei Company Profile

Asahi Kasei Corporation manufactures and sells chemicals. It offers caustic soda, chemical fertilizers, nitric acid, ammonia, acrylonitrile, methyl methacrylate, styrene, adipic acid, hexamethylene diamine, AH salt, propionitrile, sodium cyanide, acetonitrile, methacrylonitrile, cyclohexyl methacrylate, polyethylenes, polyethylenes powder, PMMA resin, polystyrene, polybutadiene rubbers, styrene/butadiene rubbers, clear styrenic copolymer, styrenic thermoplastic elastomer, hydrogenated styrenic elastomers, membranes and systems, functional materials, foams, purging compound, polyisocyanates, polycarbonatediol, aluminum paste, latex, photopolymers and platemaking systems, films, cyclohexanol, cyclohexane, and cyclohexene.