Top Glove Co. Bhd. (OTCMKTS:TGLVY) Trading 7.1% Higher – Time to Buy?

Shares of Top Glove Co. Bhd. (OTCMKTS:TGLVYGet Free Report) were up 7.1% on Friday . The stock traded as high as $0.6050 and last traded at $0.6050. Approximately 210 shares traded hands during trading, a decline of 91% from the average daily volume of 2,312 shares. The stock had previously closed at $0.5650.

Analyst Ratings Changes

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

Get Our Latest Analysis on Top Glove Co. Bhd.

Top Glove Co. Bhd. Price Performance

The business has a 50 day simple moving average of $0.73 and a 200 day simple moving average of $0.64. The company has a market capitalization of $1.24 billion and a price-to-earnings ratio of 0.59.

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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