Asahi Glass (OTCMKTS:ASGLY) Shares Up 6.9% – Here’s What Happened

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY)’s stock price shot up 6.9% on Friday . The stock traded as high as $7.37 and last traded at $7.37. 368 shares were traded during trading, a decline of 92% from the average session volume of 4,827 shares. The stock had previously closed at $6.8960.

Asahi Glass Stock Performance

The company has a current ratio of 1.39, a quick ratio of 0.72 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $7.61 and its two-hundred day moving average price is $7.01. The company has a market cap of $8.01 billion, a P/E ratio of 17.14 and a beta of 0.45.

Asahi Glass (OTCMKTS:ASGLY) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.18 earnings per share for the quarter. Asahi Glass had a net margin of 3.34% and a return on equity of 4.16%. The company had revenue of $3.55 billion during the quarter. Asahi Glass has set its FY 2025 guidance at 0.470-0.470 EPS.

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.