Asahi Glass (OTCMKTS:ASGLY) Stock Price Passes Above 50-Day Moving Average - Should You Sell?

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 50 day moving average during trading on Friday . The stock has a 50 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 trading hands.

Asahi Glass Price Performance

The business has a 50-day simple moving average of $5.79 and a 200 day simple moving average of $5.84. The stock has a market cap of $6.52 billion, a P/E ratio of -15.00 and a beta of 0.38. The company has a current ratio of 1.36, a quick ratio of 0.73 and a debt-to-equity ratio of 0.25.

Asahi Glass (OTCMKTS:ASGLY - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.04 EPS 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 for 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.