Top Glove Co. Bhd. (OTCMKTS:TGLVY) Shares Gap Down – Time to Sell?

Top Glove Co. Bhd. (OTCMKTS:TGLVYGet Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $0.66, but opened at $0.5781. Top Glove Co. Bhd. shares last traded at $0.5781, with a volume of 500 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded 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 MarketBeat.com, the company currently has an average rating of “Hold”.

Check Out Our Latest Analysis on TGLVY

Top Glove Co. Bhd. Price Performance

The company has a 50-day moving average price of $0.63 and a 200 day moving average price of $0.65.

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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