Asahi Glass (OTCMKTS:ASGLY) Shares Gap Down - Here's Why

Key Points

• Shares gapped down 7.2%, opening at $7.0992 versus a prior close of $7.53 and trading very thinly (240 shares reported).
• Recent results and outlook: the company reported $0.18 EPS on $3.55 billion in revenue for the quarter and set FY2025 EPS guidance at 0.470.
• Valuation and balance-sheet metrics: market cap about $7.44 billion, P/E of 15.91, low leverage (debt/equity 0.25), with the 50-day and 200-day moving averages near the current price ($7.61 and $7.01).

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $7.53, but opened at $7.0992. Asahi Glass shares last traded at $7.0992, with a volume of 240 shares traded.

Asahi Glass Trading Down 7.2%

The company has a market cap of $7.44 billion, a price-to-earnings ratio of 15.91 and a beta of 0.45. 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 firm's fifty day moving average price is $7.61 and its 200-day moving average price is $7.01.

Asahi Glass (OTCMKTS:ASGLY - Get Free Report) last announced its quarterly earnings results on Friday, February 6th. The company reported $0.18 earnings per share (EPS) 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.

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