Asahi Kasei (OTCMKTS:AHKSY) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Asahi Kasei Co. (OTCMKTS:AHKSY) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.31 and traded as high as $14.52. Asahi Kasei shares last traded at $14.03, with a volume of 39,736 shares changing hands.

Asahi Kasei Trading Down 0.4 %

The stock has a market capitalization of $9.78 billion, a P/E ratio of 31.18 and a beta of 0.65. The company has a current ratio of 1.80, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $14.31 and a two-hundred day moving average price of $13.76.

Asahi Kasei (OTCMKTS:AHKSY) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.36 earnings per share for the quarter. Asahi Kasei had a net margin of 2.36% and a return on equity of 7.00%. The business had revenue of $4.72 billion during the quarter.

About Asahi Kasei

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.