Asahi Glass (OTCMKTS:ASGLY) Shares Gap Down - Should You Sell?

Key Points

• Asahi Glass shares opened at $6.43 after closing at $6.69, indicating a gap down before market opening on Wednesday.
• The company's most recent quarterly earnings reported $0.05 earnings per share, with a revenue of $3.43 billion and a net margin of 1.67%.
• Asahi Glass has a market capitalization of $7.02 billion and a P/E ratio of 29.36, indicating its financial health and market valuation.

Shares of Asahi Glass Co. Ltd. (OTCMKTS:ASGLY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $6.69, but opened at $6.43. Asahi Glass shares last traded at $6.38, with a volume of 1,476 shares traded.

Asahi Glass Price Performance

The stock has a 50-day simple moving average of $6.19 and a 200 day simple moving average of $5.97. The company has a quick ratio of 0.70, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The company has a market cap of $7.01 billion, a PE ratio of 29.32 and a beta of 0.39.

Asahi Glass (OTCMKTS:ASGLY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS 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 during the quarter.

Asahi Glass Company Profile

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.