Asahi Glass (OTCMKTS:ASGLY) Share Price Passes Above 50-Day Moving Average - Here's What Happened

Key Points

• Asahi Glass (OTCMKTS:ASGLY) shares have recently surpassed their 50-day moving average, trading at $6.00 after reaching highs of $6.00 on a volume of 587 shares.
• The company's market capitalization stands at $6.52 billion, with a current ratio of 1.36 and a negative return on equity of 3.91%.
• In the latest quarterly earnings report, Asahi Glass reported $0.04 earnings per share and revenue of $3.28 billion, indicating challenges with profitability as evidenced by a negative net margin of 3.10%.

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.79 and traded as high as $6.00. Asahi Glass shares last traded at $6.00, with a volume of 587 shares.

Asahi Glass Trading Up 0.8%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.73 and a current ratio of 1.36. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of -15.31 and a beta of 0.38. The business has a fifty day moving average price of $5.81 and a 200 day moving average price of $5.84.

Asahi Glass (OTCMKTS:ASGLY - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.04 earnings per share for the quarter. Asahi Glass had a negative return on equity of 3.91% and a negative net margin of 3.10%. The firm had revenue of $3.28 billion during the quarter.

About Asahi Glass

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.