Zacks Investment Research lowered shares of Asahi Kasei (OTCMKTS:AHKSY) from a buy rating to a hold rating in a research report report published on Tuesday morning.
According to Zacks, “ASAHI KASEI CORPORATION, provides innovative solutions based in chemistry and materials science to a diverse range of markets including fibers, chemicals, consumer products, housing, construction, electronics, and health care. On October 1, 2003, all core operations were transferred to wholly owned constituent corporations as autonomous operating business units. Asahi Kasei Corporation, as the parent company, functions as a holding company for group operations. An Independent Businesses Group not included in the constituent corporations provides group services. “
Shares of Asahi Kasei (OTCMKTS AHKSY) opened at $26.52 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 0.97 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $18,619.73, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of -2.81 and a beta of 0.22. Asahi Kasei has a 52-week low of $18.60 and a 52-week high of $27.61.
About Asahi Kasei
Asahi Kasei Corporation primarily manufactures, processes, and sells chemical products in Japan and internationally. The company offers caustic soda, chemical fertilizers, nitric acid, ammonia, acrylonitrile, methyl methacrylate, styrene, adipic acid, hexamethylene diamine, AH salt, propionitrile, sodium cyanide, methacrylonitrile, cyclohexyl methacrylate, cyclohexanol, cyclohexane, and cyclohexene; polymers and sheets; chemical intermediates; additives; membranes and systems; clads and anchors; optical and printing materials; electronic materials; polymers; synthetic rubber and elastomers; consumables; cleaners; and packaging products.
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