Xinyi Glass (OTCMKTS:XYIGF) Stock Falls 15.6% – Here’s Why

Xinyi Glass (OTCMKTS:XYIGF – Get Free Report) dropped 15.6% on Friday. The stock traded as low as $1.08 and last traded at $1.08. 2,834 shares traded hands during mid-day trading, The stock had previously closed at $1.28.

Xinyi Glass Price Performance

The company has a 50 day moving average of $1.23 and a 200 day moving average of $1.28.

About Xinyi Glass

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Xinyi Glass Holdings Limited is a China-based manufacturer of glass products for the automotive, architectural and other industrial markets. The company produces a broad range of glass, including float glass, coated glass, energy-efficient low-emissivity glass, automotive glass and processed architectural glass.

Its architectural glass products are used in applications such as windows, façades, curtain walls and interior construction, while its automotive glass products serve vehicle manufacturers and the replacement-glass market.

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