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Asahi Kasei (OTCMKTS:AHKSY) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Asahi Kasei logo with Basic Materials background

Shares of Asahi Kasei Co. (OTCMKTS:AHKSY - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.84 and traded as low as $13.70. Asahi Kasei shares last traded at $13.72, with a volume of 29,062 shares traded.

Asahi Kasei Trading Down 0.6 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.62. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of 19.49 and a beta of 0.65. The business has a fifty day simple moving average of $14.21 and a 200-day simple moving average of $13.84.

Asahi Kasei (OTCMKTS:AHKSY - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter. The company had revenue of $5.07 billion during the quarter. Asahi Kasei had a return on equity of 7.70% and a net margin of 2.47%.

About Asahi Kasei

(Get Free Report)

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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