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

Key Points

• Shares gapped up: Asahi Glass (ASGLY) jumped pre-market from $6.70 to an open of $7.20 and last traded at $7.15 on a volume of 2,280 shares.
• Earnings and guidance: The company reported $0.18 EPS on $3.55 billion in quarterly revenue and set FY2025 guidance at 0.470 EPS, with a net margin of 3.34% and ROE of 4.16%.
• Valuation and balance sheet: Market capitalization is $7.69 billion with a P/E of 16.45, debt-to-equity of 0.25, current ratio 1.39, and technicals showing a 50-day SMA of $7.63 vs. 200-day SMA of $6.96.

Shares of Asahi Glass Co. Ltd. (OTCMKTS:ASGLY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $6.70, but opened at $7.20. Asahi Glass shares last traded at $7.15, with a volume of 2,280 shares changing hands.

Asahi Glass Price Performance

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 stock has a fifty day simple moving average of $7.63 and a 200-day simple moving average of $6.96. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 16.45 and a beta of 0.38.

Asahi Glass (OTCMKTS:ASGLY - Get Free Report) last issued its quarterly earnings data on Friday, February 6th. The company reported $0.18 EPS for the quarter. Asahi Glass had a net margin of 3.34% and a return on equity of 4.16%. The business had revenue of $3.55 billion for 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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