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

Key Points

• Asahi Glass Co. Ltd. shares rose 5.1% before the market opened on Friday, gapping up from a previous close of $5.87 to $6.17.
• The company reported a quarterly revenue of $3.43 billion with earnings per share of $0.05 and a net margin of 1.67%.
• Asahi Glass holds a market capitalization of $6.70 billion, with a low debt-to-equity ratio of 0.25 and a P/E ratio of 28.02.

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $5.87, but opened at $6.17. Asahi Glass shares last traded at $6.17, with a volume of 250 shares.

Asahi Glass Price Performance

The company's 50-day moving average is $5.86 and its two-hundred day moving average is $5.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.36 and a quick ratio of 0.73. The firm has a market cap of $6.70 billion, a P/E ratio of 28.02 and a beta of 0.38.

Asahi Glass (OTCMKTS:ASGLY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter. Asahi Glass had a net margin of 1.67% and a return on equity of 2.14%. 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.

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