Asahi Kasei (OTCMKTS:AHKSY) Issues Quarterly Earnings Results

Asahi Kasei (OTCMKTS:AHKSY) announced its earnings results on Wednesday. The company reported $0.29 EPS for the quarter, Zacks reports. Asahi Kasei had a net margin of 2.47% and a return on equity of 7.70%.

Asahi Kasei Stock Down 1.9 %

OTCMKTS:AHKSY traded down $0.25 during mid-day trading on Wednesday, hitting $13.23. 92,265 shares of the company’s stock were exchanged, compared to its average volume of 58,390. The company has a market cap of $9.22 billion, a PE ratio of 18.90 and a beta of 0.64. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.62 and a quick ratio of 0.92. Asahi Kasei has a one year low of $12.14 and a one year high of $15.80. The business has a fifty day moving average price of $13.73 and a 200 day moving average price of $13.99.

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.