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

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $8.26, but opened at $7.8250. Asahi Glass shares last traded at $7.8250, with a volume of 1,582 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised 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, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Asahi Glass Stock Performance

The company’s 50 day simple moving average is $8.40 and its 200 day simple moving average is $7.68. 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 market cap of $8.76 billion, a PE ratio of 15.21 and a beta of 0.48.

Asahi Glass (OTCMKTS:ASGLY) last announced its earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $3.43 billion for 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. Analysts expect that Asahi Glass Co. Ltd. will post 0.46 earnings per share for the current 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.