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

Top Glove Co. Bhd. (OTCMKTS:TGLVYGet Free Report) gapped up prior to trading 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.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on TGLVY

Top Glove Co. Bhd. Trading Up 20.6%

The stock’s fifty day moving average price is $0.74 and its 200 day moving average price is $0.64. The stock has a market cap of $1.49 billion and a P/E 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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