Asahi Kasei (OTCMKTS:AHKSY) Shares Cross Below 50 Day Moving Average of $13.97

Asahi Kasei Co. (OTCMKTS:AHKSY – Get Rating)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.97 and traded as low as $13.70. Asahi Kasei shares last traded at $13.92, with a volume of 40,797 shares.

Asahi Kasei Price Performance

The business has a 50 day simple moving average of $13.97 and a two-hundred day simple moving average of $14.18. The firm has a market capitalization of $9.70 billion, a P/E ratio of 9.07 and a beta of 0.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.58.

Asahi Kasei (OTCMKTS:AHKSY – Get Rating) last posted its quarterly earnings data on Wednesday, May 10th. The company reported $0.18 earnings per share for the quarter. Asahi Kasei had a net margin of 4.73% and a return on equity of 7.25%. The company had revenue of $5.19 billion for the quarter.

About Asahi Kasei

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Asahi Kasei Corp. operates as a holding company which provides monitoring, planning, and strategic management to its subsidiaries and affiliates. Its operations are carried out through the following segments: Materials, Homes, Health Care, and Others. The Materials segment includes caustic soda, chlorine, acrylonitrile, styrene, methyl methacrylate, adipic acid, polyethylene, polystyrene, and other petrochemicals.