Asahi Glass (OTCMKTS:ASGLY) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Asahi Glass (OTCMKTS:ASGLY) to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Asahi Glass Price Performance

Shares of OTCMKTS ASGLY opened at $9.14 on Wednesday. Asahi Glass has a twelve month low of $5.43 and a twelve month high of $10.69. The firm has a fifty day simple moving average of $8.00 and a 200 day simple moving average of $7.50. The company has a market capitalization of $9.94 billion, a PE ratio of 17.25 and a beta of 0.47. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.26.

Asahi Glass (OTCMKTS:ASGLY) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $3.43 billion during the quarter. Asahi Glass had a return on equity of 5.02% and a net margin of 4.04%.Asahi Glass has set its FY 2026 guidance at 0.460-0.460 EPS. On average, sell-side analysts forecast that Asahi Glass will post 0.46 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.