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

Shares of Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) gapped up before the market opened on Friday. The stock had previously closed at $6.13, but opened at $6.36. Asahi Glass shares last traded at $6.36, with a volume of 108 shares traded.

Asahi Glass Stock Down 1.2%

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.71. The company has a market capitalization of $6.85 billion, a PE ratio of 16.58 and a beta of 0.54. The business’s 50 day simple moving average is $7.03 and its 200 day simple moving average is $7.58.

Asahi Glass (OTCMKTS:ASGLY) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.01) earnings per share for the quarter. Asahi Glass had a net margin of 2.88% and a return on equity of 3.60%. The firm had revenue of $3.53 billion during the quarter. As a group, analysts anticipate that Asahi Glass Co. Ltd. will post 0.51 earnings per share for the current fiscal year.

About Asahi Glass

Asahi Glass, now known as AGC Inc., is a Japanese materials manufacturer founded in 1907. The company changed its corporate name to AGC in 2018 and serves customers in industries including construction, automotive, electronics, and healthcare. Its products include architectural and automotive glass, glass for display applications, chemicals, ceramics, and other advanced materials. AGC also provides life-science services, including contract development and manufacturing for pharmaceutical and biotechnology companies.