Asahi Glass (OTCMKTS:ASGLY) Issues Earnings Results

Asahi Glass (OTCMKTS:ASGLY) announced its quarterly earnings results on Thursday. The company reported ($0.01) EPS for the quarter, Zacks reports. The company had revenue of $3.53 billion during the quarter. Asahi Glass had a net margin of 4.22% and a return on equity of 5.28%.

Asahi Glass Stock Down 1.6%

Shares of OTCMKTS:ASGLY traded down $0.10 during trading on Friday, hitting $6.23. 6,185 shares of the company were exchanged, compared to its average volume of 5,867. The firm’s 50 day moving average price is $7.10 and its 200-day moving average price is $7.60. Asahi Glass has a 12-month low of $5.90 and a 12-month high of $10.69. 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 stock has a market capitalization of $6.77 billion, a P/E ratio of 11.33 and a beta of 0.54.

Asahi Glass Company Profile

Asahi Glass Co, Ltd., now known as AGC Inc, is a Japanese materials manufacturer with businesses spanning glass, chemicals, ceramics and electronics. The company produces architectural and automotive glass, display glass for electronic devices, specialty glass, and related materials used in construction, transportation and industrial applications.

AGC also manufactures chemicals, including chlor-alkali products, fluorochemicals and other materials used in sectors such as life sciences, mobility, energy and electronics.