Asahi Glass (OTCMKTS:ASGLY) Shares Down 6.5% – Time to Sell?

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY)’s share price was down 6.5% on Monday . The stock traded as low as $8.4450 and last traded at $8.58. Approximately 1,645 shares traded hands during trading, a decline of 74% from the average daily volume of 6,430 shares. The stock had previously closed at $9.18.

Wall Street Analyst Weigh In

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

Asahi Glass Stock Performance

The company has a market cap of $9.20 billion, a P/E ratio of 15.96 and a beta of 0.47. The business’s 50 day simple moving average is $8.28 and its 200 day simple moving average is $7.62. 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 (OTCMKTS:ASGLY) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 EPS for the quarter. Asahi Glass had a return on equity of 5.02% and a net margin of 4.04%.The company had revenue of $3.43 billion during the quarter. Asahi Glass has set its FY 2026 guidance at 0.460-0.460 EPS. Sell-side analysts predict that Asahi Glass Co. Ltd. will post 0.46 earnings per share for the current fiscal 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.