Asahi Kasei (OTCMKTS:AHKSY) Lowered to “Hold” Rating by Zacks Research

Asahi Kasei (OTCMKTS:AHKSY – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded Asahi Kasei from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Asahi Kasei has an average rating of “Moderate Buy”.

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Asahi Kasei Stock Down 0.4%

OTCMKTS AHKSY opened at $21.81 on Thursday. The business has a fifty day moving average price of $20.02 and a 200 day moving average price of $19.15. Asahi Kasei has a one year low of $12.71 and a one year high of $24.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 2.11. The company has a market cap of $15.20 billion, a P/E ratio of 14.16 and a beta of 0.49.

Asahi Kasei Company Profile

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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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