Asahi Glass (OTCMKTS:ASGLY) Shares Gap Down – Should You Sell?

Shares of Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) gapped down before the market opened on Friday . The stock had previously closed at $7.98, but opened at $7.61. Asahi Glass shares last traded at $7.61, with a volume of 565 shares trading hands.

Analyst Upgrades and Downgrades

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

Asahi Glass Stock Performance

The company’s 50 day moving average price is $8.53 and its 200-day moving average price is $7.78. The stock has a market cap of $8.14 billion, a P/E ratio of 14.12 and a beta of 0.48. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.76 and a current ratio of 1.41.

Asahi Glass (OTCMKTS:ASGLY) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter. Asahi Glass had a net margin of 4.04% and a return on equity of 5.02%. The business had revenue of $3.43 billion for the quarter. Asahi Glass has set its FY 2026 guidance at 0.460-0.460 EPS. Equities analysts forecast that Asahi Glass Co. Ltd. will post 0.55 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.