Asahi Glass (OTCMKTS:ASGLY) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.58 and traded as high as $6.96. Asahi Glass shares last traded at $6.96, with a volume of 1,221 shares traded.

Asahi Glass Stock Performance

The business’s 50-day moving average price is $6.58 and its 200-day moving average price is $6.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.72 and a current ratio of 1.37. The stock has a market cap of $7.57 billion, a P/E ratio of 21.09 and a beta of 0.43.

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

Asahi Glass Company Profile

AGC Inc manufactures and sells glass, automotive, electronics, chemicals, and ceramics worldwide. The company offers architectural glass products, including laminated, insulating, wired, solar control, toughened, decorative, sound insulation, float and patterned, and industrial glasses; structural glazing systems; and automotive glass, such as laminated, tempered, and privacy glasses, as well as integrated glass antennas and module assembly windows.