Asahi Glass (OTCMKTS:ASGLY) Shares Gap Up – Time to Buy?

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $7.1950, but opened at $7.40. Asahi Glass shares last traded at $7.20, with a volume of 555 shares traded.

Analyst Ratings Changes

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

Asahi Glass Price Performance

The company has a current ratio of 1.38, a quick ratio of 0.71 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $7.41 and a 200-day simple moving average of $7.73. The firm has a market cap of $7.84 billion, a PE ratio of 13.12 and a beta of 0.46.

About Asahi Glass

Asahi Glass Co, Ltd., now known as AGC Inc, is a Japanese materials manufacturer serving the building, automotive, electronics, chemicals and life sciences industries. The company develops and produces glass, chemicals, ceramics and related advanced materials for industrial and consumer applications.

Its products include architectural and automotive glass, display glass and other electronic materials, chemicals, pharmaceutical-related products, and ceramic materials. AGC also provides glass and materials used in buildings, vehicles, solar applications and various high-technology manufacturing processes.

Founded in 1907, the company has expanded from its original glassmaking operations into a global materials business.