Asahi Kasei (OTCMKTS:AHKSY) Lowered to Hold Rating by CLSA

CLSA cut shares of Asahi Kasei (OTCMKTS:AHKSY) from a moderate buy rating to a hold rating in a report published on Thursday,Zacks.com reports.

Asahi Kasei Price Performance

AHKSY stock opened at $13.58 on Thursday. The stock has a 50-day moving average price of $13.63 and a two-hundred day moving average price of $13.74. Asahi Kasei has a 12-month low of $12.12 and a 12-month high of $15.80. The company has a current ratio of 1.69, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The company has a market cap of $9.46 billion, a PE ratio of 17.19 and a beta of 0.47.

Asahi Kasei (OTCMKTS:AHKSY) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.14. The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.21 billion. Asahi Kasei had a return on equity of 7.85% and a net margin of 2.77%.

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.