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

Shares of Top Glove Co. Bhd. (OTCMKTS:TGLVY) gapped up before the market opened on Monday . The stock had previously closed at $0.5579, but opened at $0.6761. Top Glove Co. Bhd. shares last traded at $0.6761, with a volume of 485 shares changing hands.

Analyst Ratings Changes

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

Top Glove Co. Bhd. Price Performance

The stock’s 50-day simple moving average is $0.61 and its 200 day simple moving average is $0.65.

Top Glove Co. Bhd. Company Profile

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.