Xinyi Glass (OTCMKTS:XYIGF) Cut to Sell at Zacks Investment Research

Xinyi Glass (OTCMKTS:XYIGFGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “Xinyi Glass Holdings Limited is a manufacturer of glass product. The company’s product consists of float glass, automobile glass, engineering glass and electronic Glass. It serves automobile as well as construction sector. Xinyi Glass Holdings Limited is headquartered in Hong Kong. “

Separately, Jefferies Financial Group cut shares of Xinyi Glass from a “hold” rating to an “underperform” rating in a research report on Wednesday, March 2nd.

Shares of XYIGF stock traded down $0.04 on Tuesday, reaching $2.32. 3,426 shares of the company were exchanged, compared to its average volume of 13,155. The company has a 50-day moving average of $2.58 and a 200-day moving average of $2.61. Xinyi Glass has a one year low of $2.15 and a one year high of $4.37.

Xinyi Glass Company Profile (Get Rating)

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.

Further Reading

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