Asahi Kasei (OTCMKTS:AHKSY) Announces Quarterly Earnings Results

Asahi Kasei (OTCMKTS:AHKSY) released its quarterly earnings results on Friday. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10, Zacks reports. Asahi Kasei had a return on equity of 8.53% and a net margin of 5.14%.

Asahi Kasei Stock Down 6.6%

AHKSY traded down $1.51 on Friday, hitting $21.49. 20,995 shares of the company were exchanged, compared to its average volume of 30,227. Asahi Kasei has a 12 month low of $13.57 and a 12 month high of $24.12. The company has a market cap of $14.98 billion, a PE ratio of 13.95 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.35 and a current ratio of 2.35. The stock’s fifty day moving average is $22.36 and its 200-day moving average is $21.17.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Asahi Kasei from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

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.