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

by · The Cerbat Gem

Asahi Kasei Corp. (OTCMKTS:AHKSY – Get Free Report) 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.

Analysts Set New Price Targets

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

Read Our Latest Research Report on Asahi Kasei

Asahi Kasei Stock Up 4.4%

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

Asahi Kasei (OTCMKTS:AHKSY – Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.03). The firm had revenue of $4.88 billion during 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 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.

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