Asahi Kasei (OTCMKTS:AHKSY – Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.49 earnings per share for the quarter, beating 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 Performance
Shares of AHKSY traded down $1.51 during midday trading on Friday, reaching $21.49. The stock had a trading volume of 20,995 shares, compared to its average volume of 30,210. The firm has a market cap of $14.98 billion, a PE ratio of 13.95 and a beta of 0.53. The firm has a 50 day simple moving average of $22.36 and a 200-day simple moving average of $21.17. Asahi Kasei has a one year low of $13.57 and a one year high of $24.12. The company has a current ratio of 2.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.40.
Analysts Set New Price Targets
Separately, Zacks Research cut Asahi Kasei from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus 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.
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