Asahi Glass (OTCMKTS:ASGLY) Upgraded by Zacks Research to Hold Rating

Asahi Glass (OTCMKTS:ASGLY) was upgraded by investment analysts at Zacks Research to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Asahi Glass Trading Up 1.3%

OTCMKTS ASGLY opened at $9.14 on Wednesday. Asahi Glass has a one year low of $5.43 and a one year high of $10.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.41 and a quick ratio of 0.76. The firm has a market cap of $9.94 billion, a P/E ratio of 17.25 and a beta of 0.47. The stock’s 50-day moving average is $8.00 and its 200-day moving average is $7.50.

Asahi Glass (OTCMKTS:ASGLY) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 earnings per share (EPS) for the quarter. Asahi Glass had a return on equity of 5.02% and a net margin of 4.04%.The business had revenue of $3.43 billion during the quarter. Asahi Glass has set its FY 2026 guidance at 0.460-0.460 EPS. Sell-side analysts anticipate that Asahi Glass will post 0.46 earnings per share for the current fiscal 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.