Asahi Glass (OTCMKTS:ASGLY) Shares Gap Down – Here’s What Happened

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) shares gapped down prior to trading on Thursday . The stock had previously closed at $7.55, but opened at $7.01. Asahi Glass shares last traded at $7.01, with a volume of 102 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Asahi Glass to a “hold” rating in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Asahi Glass Trading Down 2.2%

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.71. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 13.14 and a beta of 0.46. The business has a 50 day simple moving average of $7.32 and a 200 day simple moving average of $7.67.

Asahi Glass Company Profile

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.