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

Shares of Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) gapped up prior to trading on Wednesday . The stock had previously closed at $7.07, but opened at $7.54. Asahi Glass shares last traded at $7.54, with a volume of 773 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Asahi Glass to a “hold” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Asahi Glass currently has a consensus rating of “Hold”.

Asahi Glass Price Performance

The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 12.77 and a beta of 0.46. The company’s 50-day simple moving average is $7.45 and its 200-day simple moving average is $7.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.71.

About Asahi Glass

Asahi Glass Co, Ltd., now known as AGC Inc, is a Japanese materials manufacturer serving the building, automotive, electronics, chemicals and life sciences industries. The company develops and produces glass, chemicals, ceramics and related advanced materials for industrial and consumer applications.

Its products include architectural and automotive glass, display glass and other electronic materials, chemicals, pharmaceutical-related products, and ceramic materials. AGC also provides glass and materials used in buildings, vehicles, solar applications and various high-technology manufacturing processes.

Founded in 1907, the company has expanded from its original glassmaking operations into a global materials business.