Asahi Glass (OTCMKTS:ASGLY) Shares Gap Up - Time to Buy?

Key Points

• Asahi Glass shares opened at $6.58, up from their previous close of $6.29, with a total trading volume of 2,712 shares.
• The company's latest earnings report revealed earnings per share of $0.05 with a revenue of $3.43 billion for the quarter.
• Asahi Glass has a market cap of $7.15 billion, a PE ratio of 29.89, and a debt-to-equity ratio of 0.25.

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $6.29, but opened at $6.58. Asahi Glass shares last traded at $6.58, with a volume of 2,712 shares changing hands.

Asahi Glass Stock 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 business has a 50 day moving average price of $6.11 and a two-hundred day moving average price of $5.96. The company has a market cap of $6.96 billion, a P/E ratio of 29.11 and a beta of 0.40.

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