Asahi Kasei (OTCMKTS:AHKSY) Shares Gap Up – Time to Buy?

Asahi Kasei Corp. (OTCMKTS:AHKSY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $22.51, but opened at $23.55. Asahi Kasei shares last traded at $23.55, with a volume of 1,170 shares traded.

Wall Street Analyst Weigh In

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

Asahi Kasei Stock Performance

The company has a market cap of $16.51 billion, a P/E ratio of 15.48 and a beta of 0.43. The company has a quick ratio of 1.23, a current ratio of 2.11 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $19.57 and a two-hundred day simple moving average of $17.40.

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.