Asahi Kasei (OTCMKTS:AHKSY) Sets New 52-Week High – Should You Buy?

Asahi Kasei Corp. (OTCMKTS:AHKSY) hit a new 52-week high during trading on Tuesday . The company traded as high as $22.65 and last traded at $22.5690, with a volume of 38513 shares changing hands. The stock had previously closed at $21.82.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of 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 MarketBeat, the company has a consensus rating of “Hold”.

Asahi Kasei Stock Performance

The stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 14.31 and a beta of 0.43. The firm has a fifty day moving average of $18.85 and a 200 day moving average of $16.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.20 and a quick ratio of 1.26.

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.