Shares of Asahi Kasei Corp. (OTCMKTS:AHKSY – Get Free Report) were down 9.7% on Monday . The stock traded as low as $20.76 and last traded at $20.76. 1,947 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 30,226 shares. The stock had previously closed at $23.00.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut shares of Asahi Kasei from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.
Check Out Our Latest Analysis on Asahi Kasei
Asahi Kasei Stock Down 3.4%
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.
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