Asahi Glass (OTCMKTS:ASGLY) Reaches New 12-Month High – Still a Buy?

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $7.4585 and last traded at $7.4585, with a volume of 358 shares traded. The stock had previously closed at $7.3450.

Asahi Glass Price Performance

The stock has a market capitalization of $8.11 billion, a P/E ratio of 22.60 and a beta of 0.42. The business’s 50 day moving average price is $6.82 and its 200 day moving average price is $6.53. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.37 and a quick ratio of 0.72.

Asahi Glass (OTCMKTS:ASGLY) last posted its earnings results on Friday, November 7th. The company reported $0.16 EPS for the quarter. The business had revenue of $3.50 billion during the quarter. Asahi Glass had a net margin of 2.54% and a return on equity of 3.19%.

About Asahi Glass

Asahi Glass Co, Ltd., operating under the global brand AGC Inc, is a leading manufacturer of glass, chemicals and high‐performance materials. The company’s core business includes architectural and automotive glass, display glass for liquid crystal displays and semiconductor fabrication equipment, as well as fluorochemicals, ceramics and specialty materials. Through these diverse product lines, Asahi Glass serves markets ranging from construction and automotive to electronics and chemical processing.

Founded in 1907 as Japan’s first sheet glass producer, Asahi Glass has grown into a multinational enterprise with operations spanning Asia, Europe, North America and beyond.