Asahi Kasei (OTCMKTS:AHKSY) Sees Large Volume Increase – Here’s Why

by · The Cerbat Gem

Asahi Kasei Corp. (OTCMKTS:AHKSY – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 15,208 shares changed hands during mid-day trading, a decline of 4% from the previous session’s volume of 15,800 shares.The stock last traded at $18.79 and had previously closed at $18.42.

Analyst Ratings Changes

Separately, Zacks Research raised shares of 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, the stock presently has a consensus rating of “Hold”.

Check Out Our Latest Research Report on AHKSY

Asahi Kasei Stock Down 0.1%

The firm has a 50 day moving average price of $17.32 and a 200-day moving average price of $16.04. 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 cap of $13.04 billion, a PE ratio of 13.66 and a beta of 0.41.

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

About Asahi Kasei

(Get Free Report)

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.

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