Asahi Glass (OTCMKTS:ASGLY) Reaches New 12-Month High – Should You Buy?

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $6.99 and last traded at $6.99, with a volume of 888 shares changing hands. The stock had previously closed at $6.82.

Asahi Glass Stock Performance

The stock’s 50-day moving average price is $6.49 and its 200 day moving average price is $6.12. The firm has a market cap of $7.46 billion, a P/E ratio of 31.18 and a beta of 0.45. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 0.70.

Asahi Glass (OTCMKTS:ASGLY) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $3.50 billion for the quarter. Asahi Glass had a net margin of 1.67% and a return on equity of 2.12%.

About Asahi Glass

AGC Inc manufactures and sells glass, automotive, electronics, chemicals, and ceramics worldwide. The company offers architectural glass products, including laminated, insulating, wired, solar control, toughened, decorative, sound insulation, float and patterned, and industrial glasses; structural glazing systems; and automotive glass, such as laminated, tempered, and privacy glasses, as well as integrated glass antennas and module assembly windows.