Asahi Kasei (OTCMKTS:AHKSY) Reaches New 52-Week High – Here’s What Happened

Asahi Kasei Corp. (OTCMKTS:AHKSY)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $23.58 and last traded at $23.58, with a volume of 14533 shares. The stock had previously closed at $22.87.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Asahi Kasei to a “hold” rating in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Asahi Kasei Price Performance

The business has a 50-day moving average of $19.17 and a 200 day moving average of $17.17. The company has a current ratio of 2.20, a quick ratio of 1.26 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $16.43 billion, a P/E ratio of 15.41 and a beta of 0.43.

Asahi Kasei Company Profile

Asahi Kasei Corp., headquartered in Tokyo, is a diversified Japanese manufacturer with operations spanning chemicals, homes, health care and electronics. Established in 1931, the company has grown from its origins in ammonia production to become a global supplier of advanced materials and solutions. Its broad product portfolio serves customers across Asia, Europe and the Americas, emphasizing innovation in polymer science, life sciences and residential construction.

Within its material science division, Asahi Kasei produces performance plastics, synthetic fibers and specialty chemicals used in automotive, consumer goods and industrial applications.