Asahi Glass (OTCMKTS:ASGLY) Stock Passes Above 50 Day Moving Average - Time to Sell?

Key Points

• Asahi Glass Co. Ltd. shares recently traded above their 50-day moving average of $6.00, reaching a high of $6.57, and are currently priced at $6.28.
• The company reported a $0.05 earnings per share for its most recent quarter, with revenue of $3.43 billion and a net margin of 1.67%.
• Asahi Glass has a market capitalization of $6.83 billion and notable financial ratios including a current ratio of 1.33 and debt-to-equity ratio of 0.25.

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.00 and traded as high as $6.57. Asahi Glass shares last traded at $6.28, with a volume of 999 shares.

Asahi Glass Stock Up 4.5%

The company has a quick ratio of 0.70, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 29.89 and a beta of 0.39. The business's 50-day moving average is $6.03 and its 200-day moving average is $5.93.

Asahi Glass (OTCMKTS:ASGLY - Get Free Report) last posted its quarterly earnings results 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 2.12%. The business had revenue of $3.43 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.