Asahi Glass (OTCMKTS:ASGLY) Sets New 52-Week High – Still a Buy?

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) reached a new 52-week high on Tuesday . The company traded as high as $9.00 and last traded at $9.00, with a volume of 1939 shares. The stock had previously closed at $7.75.

Asahi Glass Trading Up 9.1%

The business’s 50 day simple moving average is $7.21 and its two-hundred day simple moving average is $7.20. The stock has a market cap of $9.64 billion, a P/E ratio of 16.74 and a beta of 0.40. The company has a quick ratio of 0.72, a current ratio of 1.39 and a debt-to-equity ratio of 0.25.

Asahi Glass (OTCMKTS:ASGLY) last posted 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 net margin of 4.04% and a return on equity of 4.99%. Asahi Glass has set its FY 2026 guidance at 0.460-0.460 EPS. As a group, analysts expect that Asahi Glass Co. Ltd. will post 0.46 EPS for the current year.

About Asahi Glass

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.