Asahi Kasei (OTCMKTS:AHKSY) Shares Gap Up – What’s Next?

Asahi Kasei Corp. (OTCMKTS:AHKSY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $16.4575, but opened at $17.20. Asahi Kasei shares last traded at $17.20, with a volume of 100 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Asahi Kasei to a “hold” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Asahi Kasei Stock Up 4.4%

The company has a market capitalization of $11.98 billion, a P/E ratio of 12.55 and a beta of 0.44. The company has a 50-day moving average of $16.05 and a two-hundred day moving average of $15.16. The company has a quick ratio of 1.26, a current ratio of 2.20 and a debt-to-equity ratio of 0.46.

Asahi Kasei (OTCMKTS:AHKSY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). Asahi Kasei had a return on equity of 7.41% and a net margin of 4.64%.The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $5.12 billion.

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.