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

Shares of Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) gapped up before the market opened on Wednesday . The stock had previously closed at $8.13, but opened at $8.85. Asahi Glass shares last traded at $8.7350, with a volume of 542 shares.

Asahi Glass Stock Down 1.1%

The firm has a fifty day moving average price of $7.24 and a 200 day moving average price of $7.22. 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 market cap of $9.51 billion, a P/E ratio of 16.51 and a beta of 0.40.

Asahi Glass (OTCMKTS:ASGLY) last announced its earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter. The company had revenue of $3.43 billion for the quarter. Asahi Glass had a return on equity of 4.99% and a net margin of 4.04%.Asahi Glass has set its FY 2026 guidance at 0.460-0.460 EPS. Equities research analysts forecast that Asahi Glass Co. Ltd. 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.