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

Top Glove Co. Bhd. (OTCMKTS:TGLVY)’s share price gapped up before the market opened on Tuesday. The stock had previously closed at $0.7944, but opened at $0.8842. Top Glove Co. Bhd. shares last traded at $0.8842, with a volume of 1,072 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised 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 MarketBeat.com, Top Glove Co. Bhd. has a consensus rating of “Hold”.

Top Glove Co. Bhd. Trading Down 2.8%

The stock has a 50-day moving average of $0.67 and a 200 day moving average of $0.69.

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.