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Asahi Kasei (OTCMKTS:AHKSY) Shares Cross Above Fifty Day Moving Average - What's Next?


Asahi Kasei (OTCMKTS:AHKSY) Shares Cross Above Fifty Day Moving Average   - What's Next?

Asahi Kasei Co. (OTCMKTS:AHKSY - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $13.46 and traded as high as $13.60. Asahi Kasei shares last traded at $13.60, with a volume of 36,234 shares.

The company has a market capitalization of $9.48 billion, a price-to-earnings ratio of 17.22 and a beta of 0.64. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 0.99. The firm's fifty day moving average price is $13.46 and its 200-day moving average price is $13.99.

Asahi Kasei (OTCMKTS:AHKSY - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.29 earnings per share for the quarter. Asahi Kasei had a return on equity of 7.85% and a net margin of 2.77%.

Asahi Kasei Corporation manufactures and sells chemicals. It offers caustic soda, chemical fertilizers, nitric acid, ammonia, acrylonitrile, methyl methacrylate, styrene, adipic acid, hexamethylene diamine, AH salt, propionitrile, sodium cyanide, acetonitrile, methacrylonitrile, cyclohexyl methacrylate, polyethylenes, polyethylenes powder, PMMA resin, polystyrene, polybutadiene rubbers, styrene/butadiene rubbers, clear styrenic copolymer, styrenic thermoplastic elastomer, hydrogenated styrenic elastomers, membranes and systems, functional materials, foams, purging compound, polyisocyanates, polycarbonatediol, aluminum paste, latex, photopolymers and platemaking systems, films, cyclohexanol, cyclohexane, and cyclohexene.

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