Asahi Glass (OTCMKTS:ASGLY) Trading Down 7% – Here’s What Happened

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) shares fell 7% on Tuesday . The stock traded as low as $7.09 and last traded at $7.09. Approximately 703 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 6,394 shares. The stock had previously closed at $7.62.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Asahi Glass to a “hold” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Asahi Glass presently has an average rating of “Hold”.

Asahi Glass Price Performance

The stock has a market capitalization of $7.69 billion, a P/E ratio of 13.35 and a beta of 0.49. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.76 and a current ratio of 1.41. The stock has a 50-day simple moving average of $8.49 and a 200 day simple moving average of $7.82.

Asahi Glass (OTCMKTS:ASGLY) last released its earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter. The company had revenue of $3.43 billion during the quarter. Asahi Glass had a return on equity of 5.02% and a net margin of 4.04%.Asahi Glass has set its FY 2026 guidance at 0.460-0.460 EPS. On average, equities analysts forecast that Asahi Glass Co. Ltd. will post 0.55 earnings per share for the current fiscal 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.