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

Shares of Top Glove Co. Bhd. (OTCMKTS:TGLVYGet Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $0.5640, but opened at $0.6209. Top Glove Co. Bhd. shares last traded at $0.6209, with a volume of 1,230 shares trading hands.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on TGLVY

Top Glove Co. Bhd. Price Performance

The company has a 50 day simple moving average of $0.60 and a 200-day simple moving average of $0.65.

Top Glove Co. Bhd. Company Profile

(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.

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