Top Glove Co. Bhd. (OTCMKTS:TGLVY) Shares Gap Up – Still a Buy?

Top Glove Co. Bhd. (OTCMKTS:TGLVY – Get Free Report)’s share price gapped up before the market opened on Monday. The stock had previously closed at $0.79, but opened at $0.8297. Top Glove Co. Bhd. shares last traded at $0.8297, with a volume of 150 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 analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Check Out Our Latest Research Report on Top Glove Co. Bhd.

Top Glove Co. Bhd. Trading Up 3.5%

The stock’s 50-day simple moving average is $0.65 and its 200 day simple moving average is $0.68.

About Top Glove Co. Bhd.

(Get Free Report)

Top Glove Co Bhd. is a Malaysian manufacturer of disposable gloves and related healthcare products. The company produces latex and nitrile examination gloves, surgical gloves, industrial gloves and other specialized products for healthcare, laboratory, food service, cleaning and industrial applications.

Founded in 1991, Top Glove has developed into an international glove supplier serving customers across multiple global markets. Its products are distributed through sales and distribution operations in regions including Asia, North America, Europe and other international markets, supporting healthcare providers, industrial users, distributors and institutional customers.

The company’s manufacturing operations have historically been concentrated in Malaysia, with additional facilities and business operations in other Asian countries.

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