Asahi Glass (OTCMKTS:ASGLY) Shares Gap Up – What’s Next?

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY – Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $7.07, but opened at $7.54. Asahi Glass shares last traded at $7.54, with a volume of 773 shares traded.

Analyst Ratings Changes

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

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Asahi Glass Stock Performance

The business has a 50 day moving average of $7.51 and a 200-day moving average of $7.76. The company has a market capitalization of $7.75 billion, a P/E ratio of 12.95 and a beta of 0.46. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.71 and a current ratio of 1.38.

Asahi Glass Company Profile

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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.

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