Asahi Glass (OTCMKTS:ASGLY) Shares Down 9.6% - Here's What Happened

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY - Get Free Report)'s stock price was down 9.6% during mid-day trading on Friday . The company traded as low as $5.58 and last traded at $5.58. Approximately 644 shares traded hands during trading, a decline of 90% from the average daily volume of 6,417 shares. The stock had previously closed at $6.17.

Asahi Glass Stock Down 9.0%

The firm has a market cap of $6.10 billion, a price-to-earnings ratio of -14.04 and a beta of 0.36. The stock has a 50-day moving average of $5.76 and a 200-day moving average of $5.82. 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 issued its quarterly earnings data on Monday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter. Asahi Glass had a negative return on equity of 3.91% and a negative net margin of 3.10%. The company 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.