Asahi Kasei (OTCMKTS:AHKSY) Stock Passes Above 50 Day Moving Average – Should You Sell?

Asahi Kasei Co. (OTCMKTS:AHKSY) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.44 and traded as high as $14.98. Asahi Kasei shares last traded at $14.65, with a volume of 22,248 shares traded.

Asahi Kasei Trading Down 2.0 %

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.80 and a quick ratio of 1.06. The business’s 50-day moving average is $14.44 and its two-hundred day moving average is $13.73. The firm has a market cap of $10.21 billion, a P/E ratio of 20.93 and a beta of 0.65.

Asahi Kasei (OTCMKTS:AHKSY) last released its earnings results on Friday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter. Asahi Kasei had a return on equity of 7.65% and a net margin of 2.47%. The business had revenue of $5.07 billion for the quarter.

Asahi Kasei Company Profile

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.