Fuyao Glass Industry Group (OTCMKTS:FYGGY) Stock Jumps 6.6% – Time to Buy?

Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY)’s share price was up 6.6% during mid-day trading on Friday. The company traded as high as $1.93 and last traded at $1.93. 80,954 shares were traded during mid-day trading, an increase of 144% from the average daily volume of 33,173 shares. The stock had previously closed at $1.81.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of Fuyao Glass Industry Group to a “neutral” rating in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Fuyao Glass Industry Group Price Performance

The firm’s fifty day moving average price is $1.82 and its two-hundred day moving average price is $1.82.

About Fuyao Glass Industry Group

Fuyao Glass Industry Group Co, Ltd. is a China-based manufacturer of automotive glass and related products. The company supplies windshields, door glass, rear windows, sunroof glass and other vehicle glazing products to automobile manufacturers, replacement-glass distributors and aftermarket customers.

Fuyao also produces float glass, which is used as a material in automotive-glass manufacturing, along with value-added products such as encapsulated glass, glass assemblies and glazing incorporating components for vehicle functions.