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

Top Glove Co. Bhd. (OTCMKTS:TGLVYGet Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $0.6585, but opened at $0.5988. Top Glove Co. Bhd. shares last traded at $0.5988, with a volume of 1,001 shares trading hands.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on Top Glove Co. Bhd.

Top Glove Co. Bhd. Stock Performance

The company has a market cap of $1.23 billion and a PE ratio of 0.59. The business’s 50-day moving average is $0.74 and its 200 day moving average is $0.64.

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.

Further Reading

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