Asahi Glass (OTCMKTS:ASGLY) Rating Increased to Hold at Zacks Research

Asahi Glass (OTCMKTS:ASGLY) was upgraded by research analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Asahi Glass Price Performance

Shares of ASGLY opened at $9.14 on Wednesday. The stock has a market cap of $9.94 billion, a P/E ratio of 17.25 and a beta of 0.47. Asahi Glass has a 1 year low of $5.43 and a 1 year high of $10.69. The stock’s 50-day moving average price is $8.00 and its two-hundred day moving average price is $7.50. 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 announced 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 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 predict that Asahi Glass will post 0.46 earnings per share for the current 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.