Xinyi Glass (OTCMKTS:XYIGF) Shares Gap Up – Here’s What Happened

Xinyi Glass (OTCMKTS:XYIGFGet Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $1.03, but opened at $1.13. Xinyi Glass shares last traded at $1.13, with a volume of 442 shares changing hands.

Xinyi Glass Stock Performance

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 company has a 50-day simple moving average of $1.13 and a two-hundred day simple moving average of $1.08.

Xinyi Glass Company Profile

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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.

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