Asahi Glass (OTCMKTS:ASGLY) Stock Price Down 6.5% – Time to Sell?

Shares of Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) fell 6.5% on Monday . The stock traded as low as $8.4450 and last traded at $8.58. 1,645 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 6,430 shares. The stock had previously closed at $9.18.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Asahi Glass to a “hold” rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Asahi Glass Stock Performance

The company has a market cap of $9.38 billion, a PE ratio of 16.28 and a beta of 0.47. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average of $8.23 and a 200-day moving average of $7.60.

Asahi Glass (OTCMKTS:ASGLY) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter. Asahi Glass had a return on equity of 5.02% and a net margin of 4.04%.The business had revenue of $3.43 billion during the quarter. Asahi Glass has set its FY 2026 guidance at 0.460-0.460 EPS. Equities research analysts anticipate that Asahi Glass Co. Ltd. will post 0.46 earnings per share for the current fiscal year.

About Asahi Glass

Asahi Glass Co, Ltd., operating under the global brand AGC Inc, is a leading manufacturer of glass, chemicals and high‐performance materials. The company’s core business includes architectural and automotive glass, display glass for liquid crystal displays and semiconductor fabrication equipment, as well as fluorochemicals, ceramics and specialty materials. Through these diverse product lines, Asahi Glass serves markets ranging from construction and automotive to electronics and chemical processing.

Founded in 1907 as Japan’s first sheet glass producer, Asahi Glass has grown into a multinational enterprise with operations spanning Asia, Europe, North America and beyond.