Xinyi Glass (OTCMKTS:XYIGF) Sees Unusually-High Trading Volume – Still a Buy?

Xinyi Glass (OTCMKTS:XYIGF) shares saw unusually-high trading volume on Wednesday . Approximately 9,990 shares changed hands during mid-day trading, an increase of 101% from the previous session’s volume of 4,967 shares.The stock last traded at $1.03 and had previously closed at $1.19.

Xinyi Glass Stock Down 3.5%

The business’s 50-day simple moving average is $1.14 and its two-hundred day simple moving average is $1.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.82 and a current ratio of 1.18.

About Xinyi Glass

Xinyi Glass Holdings Limited (OTCMKTS:XYIGF) is a leading manufacturer of glass products serving the architectural, automotive and industrial markets. The company produces a wide range of float glass, energy-efficient coated glass, laminated glass and insulated glass units that are used in commercial and residential buildings, as well as tempered and laminated safety glass for the automotive sector. By leveraging advanced production techniques and stringent quality controls, Xinyi Glass seeks to meet the performance and safety requirements of global building and auto manufacturers.

Founded in 1988 and headquartered in Hong Kong, Xinyi Glass has grown from a regional glass processor into one of the largest float glass producers in Mainland China.