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

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) gapped down before the market opened on Wednesday . The stock had previously closed at $8.26, but opened at $7.8250. Asahi Glass shares last traded at $7.8250, with a volume of 1,582 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Asahi Glass to a “hold” rating in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Asahi Glass Price Performance

The stock has a market cap of $8.76 billion, a P/E ratio of 15.21 and a beta of 0.48. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.26. The business’s 50-day simple moving average is $8.40 and its two-hundred day simple moving average is $7.68.

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

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.