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

Top Glove Co. Bhd. (OTCMKTS:TGLVYGet Free Report)’s stock price 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 trading hands.

Analyst Ratings Changes

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

Read Our Latest Report on Top Glove Co. Bhd.

Top Glove Co. Bhd. Stock Performance

The firm has a market capitalization of $1.49 billion and a PE ratio of 0.59. The company’s 50 day simple moving average is $0.74 and its 200-day simple moving average is $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.

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