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

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) shares gapped up before the market opened on Friday. The stock had previously closed at $6.13, but opened at $6.36. Asahi Glass shares last traded at $6.36, with a volume of 108 shares traded.

Asahi Glass Price Performance

The company has a market capitalization of $6.74 billion, a P/E ratio of 16.32 and a beta of 0.54. The company has a 50 day moving average price of $7.01 and a 200 day moving average price of $7.58. The company has a current ratio of 1.38, a quick ratio of 0.71 and a debt-to-equity ratio of 0.24.

Asahi Glass (OTCMKTS:ASGLY) last announced its quarterly earnings results on Thursday, November 5th. The company reported ($0.01) EPS for the quarter. Asahi Glass had a net margin of 2.88% and a return on equity of 3.60%. The company had revenue of $3.53 billion during the quarter. On average, equities analysts predict that Asahi Glass Co. Ltd. will post 0.51 EPS for the current fiscal year.

About Asahi Glass

Asahi Glass, now known as AGC Inc., is a Japanese materials manufacturer founded in 1907. The company changed its corporate name to AGC in 2018 and serves customers in industries including construction, automotive, electronics, and healthcare. Its products include architectural and automotive glass, glass for display applications, chemicals, ceramics, and other advanced materials. AGC also provides life-science services, including contract development and manufacturing for pharmaceutical and biotechnology companies.