ASICS (ASCCF) to Post Quarterly Earnings on Friday

ASICS (OTCMKTS:ASCCF) is expected to release its results after the market closes on Friday, August 14th. Analysts expect ASICS to announce earnings of $0.2004 per share and revenue of $1.4986 billion for the quarter.

ASICS Stock Performance

ASICS stock opened at $29.94 on Thursday. ASICS has a 12 month low of $21.81 and a 12 month high of $32.41. The business’s 50 day simple moving average is $28.80 and its 200 day simple moving average is $28.05.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein initiated coverage on ASICS in a research note on Tuesday, May 26th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

ASICS Company Profile

ASICS Corporation is a Japanese multinational corporation specializing in the design, manufacture and marketing of athletic footwear, apparel and accessories. Headquartered in Kobe, Japan, the company was founded in 1949 by Kihachiro Onitsuka under the name Onitsuka Co, Ltd. It adopted the ASICS name in 1977, an acronym derived from the Latin phrase “Anima Sana In Corpore Sano” (“A Sound Mind in a Sound Body”), reflecting its long-standing commitment to promoting healthy living through sport.

The company’s primary business activities encompass research, development and production of performance-driven running shoes, cross-training sneakers, sportswear and related accessories.