The Goldman Sachs Group Upgrades Asahi Kasei (OTCMKTS:AHKSY) to “Strong-Buy”

Asahi Kasei (OTCMKTS:AHKSY) was upgraded by The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Asahi Kasei Trading Down 2.1%

Asahi Kasei stock traded down $0.46 during trading hours on Tuesday, reaching $21.72. 44,603 shares of the company’s stock traded hands, compared to its average volume of 22,426. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 14.20 and a beta of 0.41. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 2.11. Asahi Kasei has a fifty-two week low of $12.12 and a fifty-two week high of $24.12. The firm’s 50 day moving average is $20.36 and its 200-day moving average is $17.78.

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.