Asahi Glass (OTCMKTS:ASGLY) Shares Gap Up – Here’s What Happened

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) gapped up prior to trading on Wednesday . The stock had previously closed at $7.64, but opened at $8.0390. Asahi Glass shares last traded at $8.0390, with a volume of 275 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised Asahi Glass to a “hold” rating in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Asahi Glass Trading Up 6.4%

The company’s 50-day moving average is $8.53 and its 200 day moving average is $7.76. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.26. The firm has a market cap of $8.56 billion, a PE ratio of 14.85 and a beta of 0.48.

Asahi Glass (OTCMKTS:ASGLY) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter. Asahi Glass had a net margin of 4.04% and a return on equity of 5.02%. The firm had revenue of $3.43 billion for the quarter. Asahi Glass has set its FY 2026 guidance at 0.460-0.460 EPS. As a group, sell-side analysts predict that Asahi Glass Co. Ltd. will post 0.55 EPS for the current year.

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.