Asahi Glass (OTCMKTS:ASGLY) Stock Falls 6.8% – Time to Sell?

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY)’s stock price fell 6.8% during trading on Monday. The stock traded as low as $5.90 and last traded at $5.90. Approximately 1,343 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 5,683 shares. The stock had previously closed at $6.33.

Asahi Glass Stock Up 0.8%

The company has a market cap of $6.52 billion, a price-to-earnings ratio of 15.79 and a beta of 0.54. 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 firm has a 50-day moving average price of $7.06 and a 200 day moving average price of $7.59.

Asahi Glass (OTCMKTS:ASGLY) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.01) EPS for the quarter. The company had revenue of $3.53 billion for the quarter. Asahi Glass had a return on equity of 3.60% and a net margin of 2.88%. Sell-side analysts predict that Asahi Glass Co. Ltd. will post 0.51 EPS 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.