Xinyi Glass (OTCMKTS:XYIGF) Sets New 1-Year High – Still a Buy?

Shares of Xinyi Glass (OTCMKTS:XYIGF) hit a new 52-week high during trading on Thursday . The company traded as high as $1.55 and last traded at $1.55, with a volume of 140 shares trading hands. The stock had previously closed at $1.2625.

Xinyi Glass Stock Performance

The company has a quick ratio of 0.82, a current ratio of 1.18 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average price of $1.19 and a two-hundred day moving average price of $1.14.

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.