Asahi Kasei (OTCMKTS:AHKSY) Sets New 12-Month High – Still a Buy?

Asahi Kasei Corp. (OTCMKTS:AHKSY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $18.59 and last traded at $18.55, with a volume of 37773 shares. The stock had previously closed at $18.2038.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Asahi Kasei to a “hold” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Asahi Kasei has an average rating of “Hold”.

Asahi Kasei Stock Performance

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.26 and a current ratio of 2.20. The firm has a market cap of $13.00 billion, a P/E ratio of 13.61 and a beta of 0.41. The business’s 50-day simple moving average is $17.09 and its 200 day simple moving average is $15.89.

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

About Asahi Kasei

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.