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

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) gapped up before the market opened on Wednesday . The stock had previously closed at $7.64, but opened at $8.0390. Asahi Glass shares last traded at $8.0390, with a volume of 275 shares trading hands.

Analysts Set New Price Targets

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

Asahi Glass Trading Up 6.4%

The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $8.53 and a 200-day moving average price of $7.76. The company has a market capitalization of $8.56 billion, a price-to-earnings ratio of 14.85 and a beta of 0.48.

Asahi Glass (OTCMKTS:ASGLY) last announced its earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share 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. As a group, sell-side analysts predict that Asahi Glass Co. Ltd. will post 0.55 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.