Asahi Glass (OTCMKTS:ASGLY) Reaches New 12-Month High - What's Next?

Key Points

• Asahi Glass Co. Ltd. shares reached a new 52-week high of $6.76 during trading, showing strong performance compared to its previous close of $6.42.
• The company reported earnings of $0.05 EPS and revenue of $3.43 billion for the last quarter, indicating a modest net margin of 1.67%.
• Asahi Glass has a market capitalization of $7.35 billion and a relatively low debt-to-equity ratio of 0.25, suggesting strong financial health.

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY - Get Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as $6.76 and last traded at $6.76, with a volume of 1380 shares changing hands. The stock had previously closed at $6.42.

Asahi Glass Stock Performance

The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 30.74 and a beta of 0.42. The stock's 50-day moving average is $6.32 and its 200 day moving average is $6.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 0.70.

Asahi Glass (OTCMKTS:ASGLY - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter. The company had revenue of $3.43 billion for the quarter. Asahi Glass had a return on equity of 2.12% and a net margin of 1.67%.

About Asahi Glass

AGC Inc manufactures and sells glass, automotive, electronics, chemicals, and ceramics worldwide. The company offers architectural glass products, including laminated, insulating, wired, solar control, toughened, decorative, sound insulation, float and patterned, and industrial glasses; structural glazing systems; and automotive glass, such as laminated, tempered, and privacy glasses, as well as integrated glass antennas and module assembly windows.

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