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

Shares of Asahi Glass Co. Ltd. (OTCMKTS:ASGLY – Get Free Report) gapped down before the market opened on Friday. The stock had previously closed at $6.83, but opened at $6.0050. Asahi Glass shares last traded at $6.0050, with a volume of 404 shares traded.

Asahi Glass Stock Down 3.8%

The firm’s fifty day simple moving average is $7.12 and its two-hundred day simple moving average is $7.60. The company has a current ratio of 1.38, a quick ratio of 0.71 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 11.07 and a beta of 0.54.

About Asahi Glass

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Asahi Glass Co, Ltd., now known as AGC Inc, is a Japanese materials manufacturer with businesses spanning glass, chemicals, ceramics and electronics. The company produces architectural and automotive glass, display glass for electronic devices, specialty glass, and related materials used in construction, transportation and industrial applications.

AGC also manufactures chemicals, including chlor-alkali products, fluorochemicals and other materials used in sectors such as life sciences, mobility, energy and electronics.

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