Xinyi Glass (OTCMKTS:XYIGF) Stock Price Up 6.9% – Still a Buy?

Xinyi Glass Holdings Limited (OTCMKTS:XYIGFGet Free Report) rose 6.9% on Wednesday . The company traded as high as $1.02 and last traded at $1.02. Approximately 16,200 shares were traded during trading, an increase of 342% from the average daily volume of 3,662 shares. The stock had previously closed at $0.95.

Wall Street Analyst Weigh In

Separately, Citigroup cut Xinyi Glass from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th.

Get Our Latest Analysis on Xinyi Glass

Xinyi Glass Price Performance

The stock has a fifty day simple moving average of $0.94 and a 200-day simple moving average of $0.97.

About Xinyi Glass

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Xinyi Glass Holdings Limited, an investment holding company, produces and sells automobile, construction, float, and other glass products for commercial and industrial applications. The company operates through three segments: Float Glass, Automobile Glass, and Architectural Glass. It is also involved in the manufacturing and sale of automobile rubber and plastic components, as well as electronic glass; trading of automobile glass; and research and trading of glass.

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