Asahi Kasei (OTCMKTS:AHKSY) Shares Pass Below 50 Day Moving Average – Should You Sell?

Asahi Kasei Co. (OTCMKTS:AHKSY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $14.13 and traded as low as $13.69. Asahi Kasei shares last traded at $13.79, with a volume of 51,039 shares.

Asahi Kasei Stock Up 0.3 %

The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 19.70 and a beta of 0.65. 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 company’s 50 day moving average price is $14.13 and its 200 day moving average price is $13.89.

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

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.