Top Glove Co. Bhd. (OTCMKTS:TGLVY – Get Free Report)’s stock price shot up 7.1% during mid-day trading on Friday . The company traded as high as $0.6050 and last traded at $0.6050. Approximately 210 shares traded hands during trading, a decline of 91% from the average session volume of 2,312 shares. The stock had previously closed at $0.5650.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of Top Glove Co. Bhd. to a “hold” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.
Read Our Latest Analysis on TGLVY
Top Glove Co. Bhd. Stock Up 7.1%
About Top Glove Co. Bhd.
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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