Asahi Kasei (OTCMKTS:AHKSY) Hits New 52-Week High – Still a Buy?

Asahi Kasei Corp. (OTCMKTS:AHKSY) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $18.80 and last traded at $18.69, with a volume of 6239 shares traded. The stock had previously closed at $18.45.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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 MarketBeat, the stock presently has an average rating of “Hold”.

Asahi Kasei Price Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 2.20 and a quick ratio of 1.26. The firm has a market capitalization of $13.03 billion, a P/E ratio of 13.64 and a beta of 0.41. The company’s 50 day moving average price is $17.22 and its 200 day moving average price is $15.99.

Asahi Kasei (OTCMKTS:AHKSY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.03). The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $5.12 billion. Asahi Kasei had a return on equity of 7.41% and a net margin of 4.64%.

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.