Asahi Glass (OTCMKTS:ASGLY) Reaches New 52-Week High – Here’s Why

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) shares reached a new 52-week high on Thursday . The company traded as high as $8.13 and last traded at $8.01, with a volume of 5769 shares changing hands. The stock had previously closed at $7.9210.

Asahi Glass Stock Performance

The stock has a market capitalization of $8.71 billion, a P/E ratio of 18.63 and a beta of 0.42. The stock’s 50-day simple moving average is $6.97 and its 200 day simple moving average is $6.63. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.37 and a quick ratio of 0.72.

Asahi Glass (OTCMKTS:ASGLY) last posted its earnings results on Friday, February 6th. The company reported $0.18 earnings per share (EPS) for the quarter. Asahi Glass had a net margin of 3.34% and a return on equity of 4.23%. The company had revenue of $3.55 billion during the quarter. Asahi Glass has set its FY 2025 guidance at 0.470-0.470 EPS.

Asahi Glass Company Profile

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.