The Goldman Sachs Group upgraded shares of Asahi Kasei (OTCMKTS:AHKSY – Free Report) from a hold rating to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.
Asahi Kasei Price Performance
Shares of AHKSY opened at $21.72 on Tuesday. Asahi Kasei has a fifty-two week low of $12.12 and a fifty-two week high of $24.12. The firm’s 50-day simple moving average is $20.44 and its two-hundred day simple moving average is $17.81. The stock has a market cap of $15.14 billion, a PE ratio of 14.20 and a beta of 0.41. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 2.11.
Asahi Kasei Company Profile
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.
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