Asahi Glass (OTCMKTS:ASGLY) Shares Down 9.3% – Here’s What Happened

Shares of Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) dropped 9.3% on Monday . The company traded as low as $8.70 and last traded at $9.2160. Approximately 1,413 shares changed hands during trading, a decline of 79% from the average daily volume of 6,617 shares. The stock had previously closed at $10.16.

Asahi Glass Trading Down 4.3%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.72 and a current ratio of 1.39. The firm’s fifty day simple moving average is $7.60 and its 200-day simple moving average is $7.35. The stock has a market cap of $9.88 billion, a P/E ratio of 17.15 and a beta of 0.47.

Asahi Glass (OTCMKTS:ASGLY) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter. The business had revenue of $3.43 billion for the quarter. Asahi Glass had a return on equity of 4.99% and a net margin of 4.04%.Asahi Glass has set its FY 2026 guidance at 0.460-0.460 EPS. Equities research analysts expect that Asahi Glass Co. Ltd. will post 0.46 EPS for the current fiscal 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.