Asahi Kasei (OTCMKTS:AHKSY) Trading Up 12.6% – Should You Buy?

Asahi Kasei Corp. (OTCMKTS:AHKSY)’s share price was up 12.6% on Wednesday . The stock traded as high as $22.03 and last traded at $22.03. Approximately 4,687 shares changed hands during trading, a decline of 85% from the average daily volume of 30,294 shares. The stock had previously closed at $19.56.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AHKSY shares. Zacks Research upgraded Asahi Kasei from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. The Goldman Sachs Group upgraded Asahi Kasei from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Asahi Kasei presently has an average rating of “Buy”.

Asahi Kasei Stock Down 1.0%

The company has a quick ratio of 1.23, a current ratio of 2.11 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $20.03 and a two-hundred day moving average price of $19.13. The firm has a market cap of $15.26 billion, a PE ratio of 14.21 and a beta of 0.49.

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.