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

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) gapped down prior to trading on Friday. The stock had previously closed at $7.66, but opened at $7.2650. Asahi Glass shares last traded at $7.2650, with a volume of 395 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Asahi Glass to a “hold” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Asahi Glass Stock Down 1.0%

The stock has a market cap of $7.90 billion, a P/E ratio of 13.21 and a beta of 0.50. 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 firm’s fifty day moving average is $7.25 and its 200 day moving average is $7.68.

Asahi Glass Company Profile

Asahi Glass Co, Ltd., now operating under the name AGC Inc, is a Japanese materials manufacturer with businesses spanning glass, chemicals and ceramics. The company develops and produces materials used in buildings, automobiles, electronics, industrial applications and consumer products.

AGC’s glass operations include architectural glass for windows and façades, automotive glazing and specialty glass products. Its electronics business supplies glass substrates and related materials for displays and other technologies, while its chemicals operations produce products used in areas such as chlor-alkali, fluorochemicals and performance materials.