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Xinyi Glass (OTCMKTS:XYIGF) Trading 3.3% Higher - Time to Buy?

Xinyi Glass logo with Industrials background

Key Points

  • Xinyi Glass shares rose by 3.3% to $1.08 on Friday, representing an increase from the previous close of $1.05.
  • Trading volume for the stock surged by 314% compared to its average daily volume, with approximately 332 shares exchanged.
  • Xinyi Glass Holdings Limited specializes in producing and selling automobile, construction, float, and other glass products across three segments.
  • MarketBeat previews top five stocks to own in October.

Xinyi Glass (OTCMKTS:XYIGF - Get Free Report) was up 3.3% during mid-day trading on Friday . The company traded as high as $1.08 and last traded at $1.08. Approximately 332 shares changed hands during trading, an increase of 314% from the average daily volume of 80 shares. The stock had previously closed at $1.05.

Xinyi Glass Stock Performance

The stock's 50-day moving average is $1.02 and its 200-day moving average is $0.97.

About Xinyi Glass

(Get Free Report)

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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Should You Invest $1,000 in Xinyi Glass Right Now?

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While Xinyi Glass currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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