Asahi Glass (OTCMKTS:ASGLY) Shares Gap Down – Time to Sell?
by Renee Jackson · The Cerbat GemAsahi Glass Co. Ltd. (OTCMKTS:ASGLY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $7.53, but opened at $7.0992. Asahi Glass shares last traded at $7.0992, with a volume of 240 shares changing hands.
Asahi Glass Price Performance
The company’s fifty day moving average price is $7.59 and its 200 day moving average price is $7.01. The company has a market capitalization of $7.52 billion, a P/E ratio of 16.09 and a beta of 0.45. The company has a quick ratio of 0.72, a current ratio of 1.39 and a debt-to-equity ratio of 0.25.
Asahi Glass (OTCMKTS:ASGLY – Get Free Report) last issued its quarterly earnings results on Friday, February 6th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $3.55 billion during the quarter. Asahi Glass had a return on equity of 4.16% and a net margin of 3.34%.Asahi Glass has set its FY 2025 guidance at 0.470-0.470 EPS.
About Asahi Glass
Asahi Glass Co, Ltd., operating under the global brand AGC Inc, is a leading manufacturer of glass, chemicals and high‐performance materials. The company’s core business includes architectural and automotive glass, display glass for liquid crystal displays and semiconductor fabrication equipment, as well as fluorochemicals, ceramics and specialty materials. Through these diverse product lines, Asahi Glass serves markets ranging from construction and automotive to electronics and chemical processing.
Founded in 1907 as Japan’s first sheet glass producer, Asahi Glass has grown into a multinational enterprise with operations spanning Asia, Europe, North America and beyond.