Xinyi Glass (OTCMKTS:XYIGF) Shares Gap Down – What’s Next?

Xinyi Glass (OTCMKTS:XYIGF) gapped down prior to trading on Monday . The stock had previously closed at $1.19, but opened at $1.0675. Xinyi Glass shares last traded at $1.0675, with a volume of 150 shares trading hands.

Xinyi Glass Trading Down 10.3%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.82 and a current ratio of 1.18. The business’s fifty day moving average price is $1.14 and its 200 day moving average price is $1.08.

About Xinyi Glass

Xinyi Glass Holdings Limited (OTCMKTS:XYIGF) is a leading manufacturer of glass products serving the architectural, automotive and industrial markets. The company produces a wide range of float glass, energy-efficient coated glass, laminated glass and insulated glass units that are used in commercial and residential buildings, as well as tempered and laminated safety glass for the automotive sector. By leveraging advanced production techniques and stringent quality controls, Xinyi Glass seeks to meet the performance and safety requirements of global building and auto manufacturers.

Founded in 1988 and headquartered in Hong Kong, Xinyi Glass has grown from a regional glass processor into one of the largest float glass producers in Mainland China.