Asahi Glass (OTCMKTS:ASGLY) Raised to “Hold” at Zacks Research

Asahi Glass (OTCMKTS:ASGLY) was upgraded by Zacks Research to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Asahi Glass Trading Up 1.3%

Asahi Glass stock opened at $9.14 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.26. Asahi Glass has a 12 month low of $5.43 and a 12 month high of $10.69. The stock’s 50 day simple moving average is $8.00 and its two-hundred day simple moving average is $7.50. The firm has a market cap of $9.94 billion, a PE ratio of 17.25 and a beta of 0.47.

Asahi Glass (OTCMKTS:ASGLY) last posted its 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 firm had revenue of $3.43 billion during the quarter. Asahi Glass has set its FY 2026 guidance at 0.460-0.460 EPS. Analysts anticipate that Asahi Glass will post 0.46 earnings per share 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.