Top Glove Co. Bhd. (OTCMKTS:TGLVY) Shares Gap Up – Here’s What Happened

Top Glove Co. Bhd. (OTCMKTS:TGLVYGet Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $0.6010, but opened at $0.7250. Top Glove Co. Bhd. shares last traded at $0.7250, with a volume of 1,000 shares.

Wall Street Analyst Weigh In

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, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Get Our Latest Research Report on Top Glove Co. Bhd.

Top Glove Co. Bhd. Stock Down 19.3%

The stock has a market capitalization of $1.20 billion and a PE ratio of 0.59. The stock has a fifty day moving average of $0.73 and a 200-day moving average of $0.64.

Top Glove Co. Bhd. Company Profile

(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.

Recommended Stories

Receive News & Ratings for Top Glove Co. Bhd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Top Glove Co. Bhd. and related companies with MarketBeat.com's FREE daily email newsletter.