Asahi Glass (OTCMKTS:ASGLY) Shares Gap Down – What’s Next?

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) gapped down prior to trading on Friday . The stock had previously closed at $7.35, but opened at $7.0480. Asahi Glass shares last traded at $7.0480, with a volume of 121 shares.

Analysts Set New Price Targets

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

Asahi Glass Trading Down 4.1%

The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 12.81 and a beta of 0.46. The business has a 50-day simple moving average of $7.36 and a two-hundred day simple moving average of $7.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.71 and a current ratio of 1.38.

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.