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

Shares of Top Glove Co. Bhd. (OTCMKTS:TGLVY – Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $0.5780, but opened at $0.70. Top Glove Co. Bhd. shares last traded at $0.6808, with a volume of 2,525 shares traded.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on Top Glove Co. Bhd.

Top Glove Co. Bhd. Trading Up 9.3%

The firm’s 50 day simple moving average is $0.62 and its 200-day simple moving average is $0.67.

Top Glove Co. Bhd. Company Profile

(Get Free Report)

Top Glove Co Bhd. is a Malaysian manufacturer of disposable gloves and related healthcare products. The company produces latex and nitrile examination gloves, surgical gloves, industrial gloves and other specialized products for healthcare, laboratory, food service, cleaning and industrial applications.

Founded in 1991, Top Glove has developed into an international glove supplier serving customers across multiple global markets. Its products are distributed through sales and distribution operations in regions including Asia, North America, Europe and other international markets, supporting healthcare providers, industrial users, distributors and institutional customers.

The company’s manufacturing operations have historically been concentrated in Malaysia, with additional facilities and business operations in other Asian countries.

Further Reading

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