Asahi Kasei (OTCMKTS:AHKSY) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Asahi Kasei Co. (OTCMKTS:AHKSY) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $14.34 and traded as high as $14.98. Asahi Kasei shares last traded at $14.80, with a volume of 22,597 shares changing hands.

Asahi Kasei Stock Up 7.0 %

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.80 and a quick ratio of 1.06. The stock’s fifty day moving average is $14.36 and its 200 day moving average is $13.70.

Asahi Kasei (OTCMKTS:AHKSY) last released its earnings results 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 firm had revenue of $4.72 billion for 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.