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

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $7.8275, but opened at $7.4072. Asahi Glass shares last traded at $7.8272, with a volume of 6,179 shares trading hands.

Asahi Glass Stock Performance

The firm has a market capitalization of $8.51 billion, a PE ratio of 14.77 and a beta of 0.40. The company has a quick ratio of 0.72, a current ratio of 1.39 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $7.17 and a 200 day moving average of $7.15.

Asahi Glass (OTCMKTS:ASGLY) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share (EPS) for the quarter. Asahi Glass had a return on equity of 4.99% and a net margin of 4.04%.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. Equities research analysts predict that Asahi Glass Co. Ltd. will post 0.46 EPS for the current year.

About Asahi Glass

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.