Asahi Kasei (OTCMKTS:AHKSY) Stock Crosses Above 50 Day Moving Average – Here’s Why

Asahi Kasei Co. (OTCMKTS:AHKSY)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $14.34 and traded as high as $14.98. Asahi Kasei shares last traded at $14.80, with a volume of 22,597 shares changing hands.

Asahi Kasei Price Performance

The stock’s 50-day simple moving average is $14.36 and its two-hundred day simple moving average is $13.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.80 and a quick ratio of 1.06.

Asahi Kasei (OTCMKTS:AHKSY) last issued its earnings results on Wednesday, July 31st. The company reported $0.36 earnings per share for the quarter. The company had revenue of $4.72 billion during the quarter. Asahi Kasei had a net margin of 2.36% and a return on equity of 7.00%.

About Asahi Kasei

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.