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Asahi Glass (OTCMKTS:ASGLY) Shares Gap Up - Here's What Happened

Asahi Glass logo with Industrials background

Key Points

  • Asahi Glass shares experienced a gap up, opening at $6.36 after closing at $6.15, with a trading volume of 186 shares.
  • The company reported earnings of $0.05 per share and a revenue of $3.43 billion during its last earnings announcement on August 7th.
  • Asahi Glass has a market capitalization of $6.64 billion and a relatively low debt-to-equity ratio of 0.25, indicating financial stability.
  • MarketBeat previews the top five stocks to own by November 1st.

Shares of Asahi Glass Co. Ltd. (OTCMKTS:ASGLY - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $6.15, but opened at $6.36. Asahi Glass shares last traded at $6.36, with a volume of 186 shares changing hands.

Asahi Glass Price Performance

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 $6.64 billion, a PE ratio of 27.77 and a beta of 0.42. The company's 50-day simple moving average is $6.38 and its 200-day simple moving average is $6.02.

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

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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