Asahi Kasei (OTCMKTS:AHKSY) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of Asahi Kasei (OTCMKTS:AHKSY) from a strong-buy rating to a hold rating in a research report released on Thursday morning,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded Asahi Kasei from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Asahi Kasei Stock Performance

Shares of Asahi Kasei stock opened at $21.81 on Thursday. Asahi Kasei has a one year low of $12.71 and a one year high of $24.12. The company has a market cap of $15.20 billion, a PE ratio of 14.16 and a beta of 0.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 2.11. The business has a 50-day simple moving average of $20.02 and a 200-day simple moving average of $19.15.

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.