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Asahi Glass (OTCMKTS:ASGLY) Shares Gap Down - Time to Sell?

Asahi Glass logo with Industrials background

Key Points

  • Asahi Glass Co. Ltd. saw its stock price drop from $6.74 to $6.41 before trading opened, raising concerns about potential selling pressure.
  • The company reported a $0.05 EPS and $3.43 billion in revenue in its latest earnings results, reflecting a return on equity of 2.12%.
  • Asahi Glass maintains a debt-to-equity ratio of 0.25 and a market capitalization of $6.96 billion, indicating a relatively stable financial position.
  • Five stocks we like better than Asahi Glass.

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $6.74, but opened at $6.41. Asahi Glass shares last traded at $6.41, with a volume of 172 shares changing hands.

Asahi Glass Price Performance

The company has a fifty day simple moving average of $6.08 and a two-hundred day simple moving average of $5.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.70 and a current ratio of 1.33. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 29.11 and a beta of 0.39.

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

About Asahi Glass

(Get Free Report)

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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