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

Top Glove Co. Bhd. (OTCMKTS:TGLVY – Get Free Report) gapped down prior to trading on Monday. The stock had previously closed at $0.7375, but opened at $0.6276. Top Glove Co. Bhd. shares last traded at $0.5780, with a volume of 3,755 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Top Glove Co. Bhd. to a “hold” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

View Our Latest Report on TGLVY

Top Glove Co. Bhd. Price Performance

The stock’s fifty day moving average is $0.62 and its two-hundred day moving average is $0.67.

About Top Glove Co. Bhd.

(Get Free Report)

Top Glove Co Bhd. is a Malaysia-based manufacturer of disposable gloves and related healthcare products. The company produces examination and surgical gloves made primarily from natural rubber latex and nitrile, along with other glove products for healthcare, industrial, laboratory, cleanroom, food-handling and household applications.

Founded in 1991 by Lim Wee Chai and Lee Kim Meow, Top Glove has grown from a Malaysian glove producer into an international supplier serving customers across healthcare, manufacturing, food services and other industries.

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