Asahi Kasei (OTCMKTS:AHKSY) Reaches New 12-Month High – What’s Next?

Asahi Kasei Corp. (OTCMKTS:AHKSY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $22.65 and last traded at $22.5690, with a volume of 38513 shares trading hands. The stock had previously closed at $21.82.

Analyst Ratings Changes

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

Asahi Kasei Stock Up 3.4%

The company has a market cap of $15.73 billion, a price-to-earnings ratio of 14.75 and a beta of 0.43. The firm has a 50-day moving average price of $18.48 and a 200 day moving average price of $16.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.20 and a quick ratio of 1.26.

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.