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

Shares of Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) gapped down before the market opened on Friday. The stock had previously closed at $7.66, but opened at $7.2650. Asahi Glass shares last traded at $7.2650, with a volume of 395 shares traded.

Analysts Set New Price Targets

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.com, Asahi Glass presently has a consensus rating of “Hold”.

Asahi Glass Stock Down 1.0%

The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 13.21 and a beta of 0.50. The business has a 50 day moving average of $7.25 and a 200 day moving average of $7.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.71.

About Asahi Glass

Asahi Glass Co, Ltd., now operating under the name AGC Inc, is a Japanese materials manufacturer with businesses spanning glass, chemicals and ceramics. The company develops and produces materials used in buildings, automobiles, electronics, industrial applications and consumer products.

AGC’s glass operations include architectural glass for windows and façades, automotive glazing and specialty glass products. Its electronics business supplies glass substrates and related materials for displays and other technologies, while its chemicals operations produce products used in areas such as chlor-alkali, fluorochemicals and performance materials.