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

Asahi Kasei Corp. (OTCMKTS:AHKSY) hit a new 52-week high on Wednesday . The company traded as high as $23.58 and last traded at $23.58, with a volume of 14533 shares. The stock had previously closed at $22.87.

Analysts Set New Price Targets

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

Asahi Kasei Trading Up 3.6%

The stock has a market cap of $16.43 billion, a PE ratio of 15.41 and a beta of 0.43. The company has a quick ratio of 1.26, a current ratio of 2.20 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average price is $19.17 and its 200 day moving average price is $17.17.

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.