Asahi Glass (OTCMKTS:ASGLY) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $7.16 and traded as high as $8.16. Asahi Glass shares last traded at $8.1030, with a volume of 3,462 shares changing hands.

Asahi Glass Stock Performance

The business’s 50-day moving average price is $7.19 and its 200 day moving average price is $6.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.72 and a current ratio of 1.39.

Asahi Glass (OTCMKTS:ASGLY) last released its quarterly earnings results on Friday, February 6th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $3.55 billion for the quarter. Asahi Glass had a net margin of 3.34% and a return on equity of 4.16%. 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.