Top Glove Co. Bhd. (OTCMKTS:TGLVY) Shares Up 7.1% – Should You Buy?

Top Glove Co. Bhd. (OTCMKTS:TGLVYGet Free Report) was up 7.1% on Friday . The stock traded as high as $0.6050 and last traded at $0.6050. 210 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 2,312 shares. The stock had previously closed at $0.5650.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Report on TGLVY

Top Glove Co. Bhd. Price Performance

The company has a market cap of $1.24 billion and a price-to-earnings ratio of 0.59. The firm has a 50-day moving average price of $0.73 and a 200 day moving average price of $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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