Asahi Kasei (OTCMKTS:AHKSY) Shares Pass Above Fifty Day Moving Average of $13.03

Shares of Asahi Kasei Co. (OTCMKTS:AHKSY) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $13.03 and traded as high as $13.20. Asahi Kasei shares last traded at $13.17, with a volume of 198,754 shares changing hands.

Asahi Kasei Price Performance

The stock has a 50 day moving average of $13.04 and a two-hundred day moving average of $13.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.80. The firm has a market capitalization of $9.03 billion, a P/E ratio of 28.78 and a beta of 0.67.

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

Asahi Kasei Company Profile

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.