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

Top Glove Co. Bhd. (OTCMKTS:TGLVYGet Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $0.5802, but opened at $0.6880. Top Glove Co. Bhd. shares last traded at $0.6880, with a volume of 536 shares traded.

Analysts Set New Price Targets

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

Get Our Latest Research Report on TGLVY

Top Glove Co. Bhd. Price Performance

The company has a 50-day moving average price of $0.65 and a 200-day moving average price of $0.65.

About Top Glove Co. Bhd.

(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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