Asahi Kasei (OTCMKTS:AHKSY) Sees Unusually-High Trading Volume – Still a Buy?

Asahi Kasei Corp. (OTCMKTS:AHKSY) shares saw unusually-high trading volume on Tuesday . Approximately 30,214 shares traded hands during mid-day trading, an increase of 67% from the previous session’s volume of 18,050 shares.The stock last traded at $18.33 and had previously closed at $17.76.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Asahi Kasei to a “hold” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Asahi Kasei has a consensus rating of “Hold”.

Asahi Kasei Trading Up 0.8%

The company has a quick ratio of 1.26, a current ratio of 2.20 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $12.78 billion, a PE ratio of 13.39 and a beta of 0.41. The business’s fifty day moving average price is $16.91 and its 200 day moving average price is $15.82.

Asahi Kasei (OTCMKTS:AHKSY) last released its earnings results on Wednesday, November 5th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.03). Asahi Kasei had a return on equity of 7.41% and a net margin of 4.64%.The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $5.12 billion.

About Asahi Kasei

Asahi Kasei Corp., headquartered in Tokyo, is a diversified Japanese manufacturer with operations spanning chemicals, homes, health care and electronics. Established in 1931, the company has grown from its origins in ammonia production to become a global supplier of advanced materials and solutions. Its broad product portfolio serves customers across Asia, Europe and the Americas, emphasizing innovation in polymer science, life sciences and residential construction.

Within its material science division, Asahi Kasei produces performance plastics, synthetic fibers and specialty chemicals used in automotive, consumer goods and industrial applications.