Asahi Kasei (OTCMKTS:AHKSY) Stock Passes Above Fifty Day Moving Average – What’s Next?

Asahi Kasei Co. (OTCMKTS:AHKSY) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $13.46 and traded as high as $13.60. Asahi Kasei shares last traded at $13.60, with a volume of 36,234 shares trading hands.

Asahi Kasei Price Performance

The stock has a market cap of $9.48 billion, a P/E ratio of 17.22 and a beta of 0.64. The company has a 50 day simple moving average of $13.46 and a 200 day simple moving average of $13.99. The company has a current ratio of 1.69, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43.

Asahi Kasei (OTCMKTS:AHKSY) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.29 earnings per share (EPS) for the quarter. Asahi Kasei had a return on equity of 7.85% and a net margin of 2.77%.

About Asahi Kasei

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.