Asahi Kasei (OTCMKTS:AHKSY) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Asahi Kasei Co. (OTCMKTS:AHKSY) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.17 and traded as high as $14.55. Asahi Kasei shares last traded at $14.55, with a volume of 16,364 shares trading hands.

Asahi Kasei Price Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.80. The firm has a market cap of $10.14 billion, a P/E ratio of 32.33 and a beta of 0.65. The firm’s fifty day simple moving average is $14.17 and its 200 day simple moving average is $13.76.

Asahi Kasei (OTCMKTS:AHKSY) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.36 earnings per share for the quarter. The company had revenue of $4.72 billion for the quarter. Asahi Kasei had a return on equity of 7.00% and a net margin of 2.36%.

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.