Asahi Glass (OTCMKTS:ASGLY) Shares Gap Up – Time to Buy?

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $7.01, but opened at $7.2350. Asahi Glass shares last traded at $7.2350, with a volume of 161 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of 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, the company presently has an average rating of “Hold”.

Asahi Glass Price Performance

The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.26. The stock has a market cap of $7.87 billion, a P/E ratio of 13.15 and a beta of 0.49. The firm has a 50 day moving average price of $7.71 and a 200 day moving average price of $7.80.

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.