Asahi Glass (OTCMKTS:ASGLY) Hits New 1-Year Low – What’s Next?

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $6.2452 and last traded at $6.2452, with a volume of 442 shares traded. The stock had previously closed at $6.8650.

Asahi Glass Price Performance

The stock has a market capitalization of $6.77 billion, a P/E ratio of 11.33 and a beta of 0.54. The company has a 50 day moving average of $7.10 and a 200-day moving average of $7.60. The company has a quick ratio of 0.71, a current ratio of 1.38 and a debt-to-equity ratio of 0.24.

Asahi Glass (OTCMKTS:ASGLY) last issued its quarterly earnings data on Thursday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $3.53 billion during the quarter. Asahi Glass had a return on equity of 5.28% and a net margin of 4.22%. Sell-side analysts predict that Asahi Glass Co. Ltd. will post 0.51 EPS for the current year.

Asahi Glass Company Profile

Asahi Glass Co, Ltd., now known as AGC Inc, is a Japanese materials manufacturer with businesses spanning glass, chemicals, ceramics and electronics. The company produces architectural and automotive glass, display glass for electronic devices, specialty glass, and related materials used in construction, transportation and industrial applications.

AGC also manufactures chemicals, including chlor-alkali products, fluorochemicals and other materials used in sectors such as life sciences, mobility, energy and electronics.