Asahi Kasei (OTCMKTS:AHKSY) Sets New 52-Week High – Still a Buy?

Shares of Asahi Kasei Corp. (OTCMKTS:AHKSY) reached a new 52-week high during trading on Wednesday . The company traded as high as $23.58 and last traded at $23.58, with a volume of 14533 shares. The stock had previously closed at $22.87.

Wall Street Analysts Forecast Growth

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

Asahi Kasei Price Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.26 and a current ratio of 2.11. The stock has a market capitalization of $15.69 billion, a PE ratio of 14.71 and a beta of 0.43. The company’s fifty day simple moving average is $19.48 and its two-hundred day simple moving average is $17.31.

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.