Asahi Kasei (OTCMKTS:AHKSY) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

Asahi Kasei Co. (OTCMKTS:AHKSY - Get Free Report) shares passed 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 traded.

Asahi Kasei Price Performance

The firm has a market capitalization of $9.78 billion, a P/E ratio of 17.76 and a beta of 0.64. The business's 50-day simple moving average is $13.46 and its 200 day simple moving average is $14.00. The company has a quick ratio of 0.99, a current ratio of 1.69 and a debt-to-equity ratio of 0.43.

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

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.