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

Top Glove Co. Bhd. (OTCMKTS:TGLVYGet Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $0.5775, but opened at $0.6192. Top Glove Co. Bhd. shares last traded at $0.5341, with a volume of 1,625 shares changing hands.

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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Read Our Latest Stock Analysis on Top Glove Co. Bhd.

Top Glove Co. Bhd. Price Performance

The firm’s 50-day simple moving average is $0.70 and its 200 day simple moving average is $0.64. The firm has a market cap of $1.10 billion and a P/E ratio of 0.59.

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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