Geely Automobile (OTCMKTS:GELYY) Downgraded to Hold at Macquarie

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

Geely Automobile Trading Down 1.8 %

OTCMKTS:GELYY opened at $38.04 on Monday. The stock has a fifty day simple moving average of $27.52 and a 200 day simple moving average of $24.50. Geely Automobile has a 1-year low of $18.48 and a 1-year high of $38.84.

About Geely Automobile

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.