Top Glove Co. Bhd. (OTCMKTS:TGLVY – Get Free Report) saw unusually-strong trading volume on Thursday. 14,830 shares traded hands during trading, an increase of 652% from the average daily volume of 1,973 shares. The stock last traded at $0.8880 and had previously closed at $0.90.
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 analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
View Our Latest Analysis on Top Glove Co. Bhd.
Top Glove Co. Bhd. Trading Down 1.3%
The stock’s fifty day moving average is $0.70 and its two-hundred day moving average is $0.66.
Top Glove Co. Bhd. Company Profile
Top Glove Co Bhd. is a Malaysia-based manufacturer of disposable gloves and other healthcare-related products. The company produces latex and nitrile gloves for medical examination, surgical, industrial, household and cleanroom applications, along with specialty glove products designed for specific workplace and healthcare requirements.
Founded in 1991, Top Glove has expanded from a single factory into an international manufacturing and distribution business. Its products are sold to customers in healthcare, laboratory, food service, industrial and consumer markets, serving customers across Malaysia and international markets in Asia, Europe, North America and other regions.
The company operates manufacturing facilities and related operations primarily in Malaysia, with additional international presence developed over time.
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