Asahi Kasei (OTCMKTS:AHKSY) Stock Price Passes Below 200-Day Moving Average of $14.04

Asahi Kasei Co. (OTCMKTS:AHKSYGet Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.04 and traded as low as $13.56. Asahi Kasei shares last traded at $13.70, with a volume of 66,341 shares trading hands.

Asahi Kasei Stock Performance

The company has a market cap of $9.55 billion, a PE ratio of 9.45 and a beta of 0.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.58. The firm’s 50 day moving average is $14.28 and its 200-day moving average is $14.04.

About Asahi Kasei

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Asahi Kasei Corp. operates as a holding company which provides monitoring, planning, and strategic management to its subsidiaries and affiliates. Its operations are carried out through the following segments: Materials, Homes, Health Care, and Others. The Materials segment includes caustic soda, chlorine, acrylonitrile, styrene, methyl methacrylate, adipic acid, polyethylene, polystyrene, and other petrochemicals.

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