Asahi Kasei (OTCMKTS:AHKSY) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Asahi Kasei Co. (OTCMKTS:AHKSY)’s share price passed 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 changing hands.

Asahi Kasei Stock Performance

The firm has a market cap of $9.61 billion, a PE ratio of 19.70 and a beta of 0.65. The business has a 50 day simple moving average of $14.13 and a two-hundred day simple moving average of $13.89. The company has a quick ratio of 0.92, a current ratio of 1.62 and a debt-to-equity ratio of 0.41.

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

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.