Asahi Glass (OTCMKTS:ASGLY) Shares Down 6.7% – Time to Sell?

Shares of Asahi Glass Co. Ltd. (OTCMKTS:ASGLY – Get Free Report) dropped 6.7% during mid-day trading on Friday . The stock traded as low as $7.60 and last traded at $7.60. 1,502 shares were traded during trading, a decline of 76% from the average session volume of 6,372 shares. The stock had previously closed at $8.15.

Analysts Set New Price Targets

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

Get Asahi Glass alerts:

Get Our Latest Research Report on ASGLY

Asahi Glass Stock Up 1.5%

The business has a 50-day moving average price of $8.51 and a 200-day moving average price of $7.74. The stock has a market cap of $8.48 billion, a PE ratio of 14.71 and a beta of 0.48. 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 – Get Free Report) last issued its quarterly 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 net margin of 4.04% and a return on equity of 5.02%. Asahi Glass has set its FY 2026 guidance at 0.460-0.460 EPS. As a group, analysts forecast that Asahi Glass Co. Ltd. will post 0.55 earnings per share for the current year.

About Asahi Glass

(Get Free Report)

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.

Read More

• Five stocks we like better than Asahi Glass
• Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
• TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
• GE Aerospace Faces a Prove-It Moment in Q2 Earnings
• Sandisk: What the Chart Is Trying to Tell Us

Receive News & Ratings for Asahi Glass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asahi Glass and related companies with MarketBeat.com's FREE daily email newsletter.