Geely Automobile (OTCMKTS:GELYY) Rating Increased to Strong-Buy at Macquarie

Macquarie upgraded shares of Geely Automobile (OTCMKTS:GELYY) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday,Zacks.com reports.

Geely Automobile Trading Down 5.5 %

Shares of GELYY traded down $1.99 during trading hours on Thursday, hitting $33.96. The company had a trading volume of 41,935 shares, compared to its average volume of 25,416. Geely Automobile has a one year low of $18.48 and a one year high of $39.02. The company’s fifty day moving average price is $31.44 and its two-hundred day moving average price is $25.71.

Geely Automobile Company Profile

Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China. The company engages in the research and development, production, marketing, and sale of passenger vehicles, automobile parts, and related automobile components, as well as provision of related after-sales and technical services.