Top Glove Co. Bhd. (OTCMKTS:TGLVY) Shares Gap Down – Time to Sell?

Top Glove Co. Bhd. (OTCMKTS:TGLVYGet Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $0.66, but opened at $0.5979. Top Glove Co. Bhd. shares last traded at $0.5579, with a volume of 700 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Top Glove Co. Bhd. to a “hold” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Top Glove Co. Bhd. has a consensus rating of “Hold”.

Check Out Our Latest Stock Analysis on Top Glove Co. Bhd.

Top Glove Co. Bhd. Price Performance

The stock has a 50 day moving average of $0.65 and a 200 day moving average of $0.65.

About Top Glove Co. Bhd.

(Get Free Report)

Top Glove Co Bhd., founded in 1991 and headquartered in Klang, Malaysia, is among the world’s leading manufacturers of disposable gloves. Originally established to meet growing domestic demand, the company has expanded its operations over three decades to serve a global customer base. Its shares are listed on Bursa Malaysia, and its American depositary receipts trade under the symbol TGLVY on the OTC Markets.

The company’s core business is the design, production and marketing of a broad range of protective gloves, including latex, nitrile, vinyl and surgical-grade products.

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