Asahi Kasei (OTCMKTS:AHKSY) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Asahi Kasei Corp. (OTCMKTS:AHKSY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.53 and traded as high as $15.99. Asahi Kasei shares last traded at $15.99, with a volume of 13,818 shares trading hands.

Asahi Kasei Stock Performance

The company has a market cap of $11.14 billion, a PE ratio of 13.78 and a beta of 0.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.09 and a current ratio of 1.83. The firm’s 50 day moving average is $16.05 and its 200-day moving average is $14.53.

Asahi Kasei (OTCMKTS:AHKSY) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.18. The company had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Asahi Kasei had a net margin of 3.95% and a return on equity of 7.48%.

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.