Asahi Kasei (OTCMKTS:AHKSY) Lowered to “Hold” Rating by Zacks Research

Asahi Kasei (OTCMKTS:AHKSY) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded Asahi Kasei from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Asahi Kasei Stock Performance

OTCMKTS AHKSY opened at $21.81 on Thursday. The stock has a market cap of $15.20 billion, a PE ratio of 14.16 and a beta of 0.49. The company has a current ratio of 2.11, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. Asahi Kasei has a twelve month low of $12.71 and a twelve month high of $24.12. The stock has a fifty day simple moving average of $20.02 and a 200-day simple moving average of $19.15.

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.