Asahi Kasei (OTCMKTS:AHKSY) Now Covered by The Goldman Sachs Group

Analysts at The Goldman Sachs Group began coverage on shares of Asahi Kasei (OTCMKTS:AHKSY – Get Rating) in a research report issued to clients and investors on Sunday, The Fly reports. The brokerage set a “neutral” rating on the stock.

Separately, Zacks Investment Research upgraded shares of Asahi Kasei from a “sell” rating to a “hold” rating in a report on Tuesday, March 1st.

AHKSY traded down $0.06 during trading on Friday, hitting $16.71. 63,913 shares of the company traded hands, compared to its average volume of 95,363. The stock’s 50-day simple moving average is $17.71 and its two-hundred day simple moving average is $19.11. Asahi Kasei has a 1 year low of $16.26 and a 1 year high of $23.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.91 and a current ratio of 1.50.

Asahi Kasei (OTCMKTS:AHKSY – Get Rating) last posted its earnings results on Wednesday, February 9th. The company reported $0.65 earnings per share for the quarter. The company had revenue of $5.67 billion during the quarter. Asahi Kasei had a net margin of 5.80% and a return on equity of 9.91%. As a group, sell-side analysts forecast that Asahi Kasei will post 1.77 earnings per share for the current fiscal year.

Asahi Kasei Company Profile (Get Rating)

Asahi Kasei Corporation manufactures, processes, and sells chemical products in Japan and internationally. The company operates through three segments: Material, Homes, and Health Care. It provides caustic soda, chemical fertilizers, nitric acid, ammonia, acrylonitrile, methyl methacrylate, styrene, adipic acid, hexamethylene diamine, AH salt, propionitrile, sodium cyanide, acetonitrile, methacrylonitrile, cyclohexyl methacrylate, cyclohexanol, cyclohexane, and cyclohexene; polymers; chemical intermediates; additives; membranes and systems; clads and anchors; optical and printing materials; electronic materials; and lithium-ion battery and lead-acid battery separators.

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