Asahi Glass (OTCMKTS:ASGLY) Shares Down 9.3% – Here’s Why

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) shares were down 9.3% during mid-day trading on Monday . The company traded as low as $8.70 and last traded at $9.2160. Approximately 1,413 shares traded hands during trading, a decline of 79% from the average daily volume of 6,617 shares. The stock had previously closed at $10.16.

Asahi Glass Stock Down 3.1%

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.39 and a quick ratio of 0.72. The company has a market capitalization of $9.55 billion, a P/E ratio of 16.58 and a beta of 0.47. The stock has a 50-day moving average price of $7.68 and a 200-day moving average price of $7.38.

Asahi Glass (OTCMKTS:ASGLY) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 earnings per share (EPS) for the quarter. Asahi Glass had a return on equity of 4.99% and a net margin of 4.04%.The company had revenue of $3.43 billion during the quarter. Asahi Glass has set its FY 2026 guidance at 0.460-0.460 EPS. On average, research analysts predict that Asahi Glass Co. Ltd. will post 0.46 EPS for the current fiscal 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.