Asahi Glass (OTCMKTS:ASGLY) Share Price Passes Below 50 Day Moving Average - What's Next?

Key Points

• Asahi Glass's share price fell below its 50-day moving average of $6.36, trading as low as $6.23, and closing at $6.41 with a trading volume of 3,238 shares.
• The company's recent quarterly earnings showed a net revenue of $3.43 billion and earnings per share of $0.05, alongside a return on equity of 2.12% and a net margin of 1.67%.
• Asahi Glass has a market capitalization of $6.97 billion with a P/E ratio of 29.14 and a debt-to-equity ratio of 0.25, indicating a relatively stable financial position.

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY - Get Free Report)'s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.36 and traded as low as $6.23. Asahi Glass shares last traded at $6.41, with a volume of 3,238 shares.

Asahi Glass Trading Up 0.8%

The business has a 50 day moving average of $6.36 and a two-hundred day moving average of $6.00. The company has a current ratio of 1.33, a quick ratio of 0.70 and a debt-to-equity ratio of 0.25. The firm has a market cap of $6.97 billion, a P/E ratio of 29.14 and a beta of 0.42.

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

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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