Asahi Kasei (OTCMKTS:AHKSY) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Asahi Kasei Co. (OTCMKTS:AHKSY)’s stock price 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 Stock Down 1.9 %

The company has a quick ratio of 0.92, a current ratio of 1.62 and a debt-to-equity ratio of 0.41. The stock has a market cap of $9.56 billion, a P/E ratio of 19.60 and a beta of 0.65. The company’s 50 day moving average price is $14.21 and its two-hundred day moving average price is $13.84.

Asahi Kasei (OTCMKTS:AHKSY) last issued its earnings results on Friday, November 1st. The company reported $0.27 earnings per share for the quarter. Asahi Kasei had a return on equity of 7.70% and a net margin of 2.47%. The business had revenue of $5.07 billion during the quarter.

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.