Xinyi Glass (OTCMKTS:XYIGF) Downgraded by Zacks Investment Research to “Sell”

Xinyi Glass (OTCMKTS:XYIGF – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, 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. “

A number of other brokerages also recently issued reports on XYIGF. Jefferies Financial Group downgraded shares of Xinyi Glass from a “hold” rating to an “underperform” rating in a research report on Wednesday, March 2nd. HSBC downgraded shares of Xinyi Glass from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th.

Shares of XYIGF remained flat at $$2.51 on Thursday. Xinyi Glass has a 52-week low of $2.03 and a 52-week high of $4.37. The business’s 50 day simple moving average is $2.33 and its two-hundred day simple moving average is $2.48.

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