Asahi Glass (OTCMKTS:ASGLY) Stock Price Down 6.7% – Here’s What Happened

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) fell 6.7% during mid-day trading on Friday . The company traded as low as $7.60 and last traded at $7.60. Approximately 1,502 shares were traded during trading, a decline of 76% from the average daily volume of 6,372 shares. The stock had previously closed at $8.15.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised 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, the stock presently has an average rating of “Hold”.

Asahi Glass Price Performance

The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 14.71 and a beta of 0.48. The stock has a fifty day simple moving average of $8.51 and a 200-day simple moving average of $7.74. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.41 and a quick ratio of 0.76.

Asahi Glass (OTCMKTS:ASGLY) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 EPS for the quarter. The business had revenue of $3.43 billion for the quarter. Asahi Glass had a net margin of 4.04% and a return on equity of 5.02%. Asahi Glass has set its FY 2026 guidance at 0.460-0.460 EPS. On average, equities research analysts anticipate that Asahi Glass Co. Ltd. will post 0.55 EPS 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.