Asahi Kasei (OTCMKTS:AHKSY) Upgraded at Zacks Research

Zacks Research upgraded shares of Asahi Kasei (OTCMKTS:AHKSY) from a hold rating to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded shares of Asahi Kasei from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Asahi Kasei Stock Up 1.8%

Shares of AHKSY opened at $20.48 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.11 and a quick ratio of 1.23. The stock has a market capitalization of $14.27 billion, a price-to-earnings ratio of 13.39 and a beta of 0.47. Asahi Kasei has a 1 year low of $12.71 and a 1 year high of $24.12. The business’s 50 day simple moving average is $21.13 and its 200-day simple moving average is $18.60.

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.