Asahi Kasei (OTCMKTS:AHKSY) Rating Lowered to Hold at Zacks Research

Asahi Kasei (OTCMKTS:AHKSY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, The Goldman Sachs Group raised shares of Asahi Kasei from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Asahi Kasei Stock Performance

AHKSY opened at $21.81 on Thursday. The company has a current ratio of 2.11, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $15.20 billion, a PE ratio of 14.16 and a beta of 0.49. The firm has a 50 day moving average of $20.02 and a two-hundred day moving average of $19.15. Asahi Kasei has a 12-month low of $12.71 and a 12-month high of $24.12.

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.