Fuyao Glass Industry Group (OTCMKTS:FYGGY) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY)’s stock price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $1.78 and traded as high as $1.8630. Fuyao Glass Industry Group shares last traded at $1.8630, with a volume of 2,278 shares traded.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded shares of Fuyao Glass Industry Group to a “neutral” rating in a research note on Monday, August 24th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Fuyao Glass Industry Group Stock Up 13.6%

The company’s 50 day simple moving average is $1.78 and its 200 day simple moving average is $1.87.

About Fuyao Glass Industry Group

Fuyao Glass Industry Group is a China-based manufacturer specializing in automotive glass and related products. Founded in 1987 in Fuqing, Fujian Province, the company supplies glass used in passenger and commercial vehicles. Its products include windshields, side and rear windows, and other automotive glazing, with features and designs tailored to vehicle manufacturers’ specifications. Fuyao also produces float glass, a material used in glass manufacturing and other applications. The company serves automakers and other customers in China and international markets through a global manufacturing and sales network.