Asahi Kasei (OTCMKTS:AHKSY) Upgraded to “Strong-Buy” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Asahi Kasei (OTCMKTS:AHKSY) from a hold rating to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.

Asahi Kasei Price Performance

AHKSY stock traded down $0.53 during mid-day trading on Tuesday, reaching $21.66. The company’s stock had a trading volume of 37,620 shares, compared to its average volume of 22,407. The company has a current ratio of 2.11, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $20.36 and its two-hundred day moving average is $17.78. Asahi Kasei has a fifty-two week low of $12.12 and a fifty-two week high of $24.12. The stock has a market cap of $15.09 billion, a PE ratio of 14.15 and a beta of 0.41.

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.