Asahi Glass (OTCMKTS:ASGLY) Stock Jumps 5.9% – Time to Buy?

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) traded up 5.9% during trading on Thursday. The stock traded as high as $6.3550 and last traded at $6.3550. 1,122 shares traded hands during trading, a decline of 80% from the average session volume of 5,686 shares. The stock had previously closed at $6.00.

Asahi Glass Price Performance

The stock has a market cap of $7.00 billion, a P/E ratio of 16.95 and a beta of 0.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.71. The business’s fifty day moving average price is $7.04 and its 200 day moving average price is $7.58.

Asahi Glass (OTCMKTS:ASGLY) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $3.53 billion during the quarter. Asahi Glass had a net margin of 2.88% and a return on equity of 3.60%. Sell-side analysts forecast that Asahi Glass Co. Ltd. will post 0.51 EPS for the current fiscal year.

About Asahi Glass

Asahi Glass, now known as AGC Inc., is a Japanese materials manufacturer founded in 1907. The company changed its corporate name to AGC in 2018 and serves customers in industries including construction, automotive, electronics, and healthcare. Its products include architectural and automotive glass, glass for display applications, chemicals, ceramics, and other advanced materials. AGC also provides life-science services, including contract development and manufacturing for pharmaceutical and biotechnology companies.