Asahi Glass (OTCMKTS:ASGLY) Shares Gap Up – Still a Buy?

Shares of Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) gapped up prior to trading on Friday. The stock had previously closed at $6.13, but opened at $6.36. Asahi Glass shares last traded at $6.36, with a volume of 108 shares.

Asahi Glass Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.71. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 16.58 and a beta of 0.54. The stock has a 50 day moving average price of $7.03 and a 200-day moving average price of $7.58.

Asahi Glass (OTCMKTS:ASGLY) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.01) earnings per share for the quarter. Asahi Glass had a return on equity of 3.60% and a net margin of 2.88%. The business had revenue of $3.53 billion for the quarter. On average, analysts forecast that Asahi Glass Co. Ltd. will post 0.51 earnings per share for the current year.

Asahi Glass Company Profile

Asahi Glass, now known as AGC Inc., is a Japanese materials manufacturer founded in 1907. The company changed its corporate name to AGC in 2018 and serves customers in industries including construction, automotive, electronics, and healthcare. Its products include architectural and automotive glass, glass for display applications, chemicals, ceramics, and other advanced materials. AGC also provides life-science services, including contract development and manufacturing for pharmaceutical and biotechnology companies.