Asahi Kasei (AHKSY) Projected to Post Earnings on Thursday

Asahi Kasei (OTCMKTS:AHKSY) is expected to issue its resultson Thursday, July 30th. Analysts expect the company to announce earnings of $0.3889 per share and revenue of $5.0860 billion for the quarter.

Asahi Kasei Price Performance

OTCMKTS AHKSY opened at $22.63 on Friday. Asahi Kasei has a fifty-two week low of $13.46 and a fifty-two week high of $24.12. The stock’s 50-day moving average is $22.25 and its two-hundred day moving average is $21.03. The firm has a market cap of $15.77 billion, a P/E ratio of 14.69 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.35 and a quick ratio of 1.35.

Analyst Upgrades and Downgrades

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

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.