Asahi Kasei (OTCMKTS:AHKSY) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Asahi Kasei (OTCMKTS:AHKSY) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded shares of Asahi Kasei from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Asahi Kasei currently has an average rating of “Buy”.

Asahi Kasei Price Performance

Shares of Asahi Kasei stock traded up $1.20 during mid-day trading on Wednesday, reaching $20.76. 705 shares of the stock were exchanged, compared to its average volume of 29,071. The company has a market cap of $14.47 billion, a price-to-earnings ratio of 13.57 and a beta of 0.47. Asahi Kasei has a fifty-two week low of $12.71 and a fifty-two week high of $24.12. The company has a current ratio of 2.11, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The firm has a 50-day simple moving average of $21.16 and a 200 day simple moving average of $18.57.

Asahi Kasei Company Profile

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.