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

Shares of Top Glove Co. Bhd. (OTCMKTS:TGLVY – Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $0.7375, but opened at $0.6276. Top Glove Co. Bhd. shares last traded at $0.5780, with a volume of 3,755 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded 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 currently has an average rating of “Hold”.

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

Top Glove Co. Bhd. Stock Performance

The stock’s 50-day simple moving average is $0.62 and its two-hundred day simple moving average is $0.67.

Top Glove Co. Bhd. Company Profile

(Get Free Report)

Top Glove Co Bhd. is a Malaysia-based manufacturer of disposable gloves and related healthcare products. The company produces examination and surgical gloves made primarily from natural rubber latex and nitrile, along with other glove products for healthcare, industrial, laboratory, cleanroom, food-handling and household applications.

Founded in 1991 by Lim Wee Chai and Lee Kim Meow, Top Glove has grown from a Malaysian glove producer into an international supplier serving customers across healthcare, manufacturing, food services and other industries.

Further Reading

Receive News & Ratings for Top Glove Co. Bhd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Top Glove Co. Bhd. and related companies with MarketBeat.com's FREE daily email newsletter.