Geely Automobile (OTCMKTS:GELYY) Downgraded by Macquarie

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

Geely Automobile Stock Performance

Geely Automobile stock opened at $38.04 on Monday. Geely Automobile has a 12 month low of $18.48 and a 12 month high of $38.84. The company’s fifty day simple moving average is $27.52 and its 200-day simple moving average is $24.50.

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.