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

Shares of Asahi Kasei Corp. (OTCMKTS:AHKSY) gapped up before the market opened on Tuesday . The stock had previously closed at $22.51, but opened at $23.55. Asahi Kasei shares last traded at $23.55, with a volume of 1,170 shares changing hands.

Wall Street Analysts Forecast Growth

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

Asahi Kasei Trading Up 5.3%

The stock has a market cap of $16.51 billion, a PE ratio of 15.48 and a beta of 0.43. The company has a quick ratio of 1.23, a current ratio of 2.11 and a debt-to-equity ratio of 0.42. The stock’s fifty day moving average price is $19.57 and its 200 day moving average price is $17.40.

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.