Geely Automobile (OTCMKTS:GELYY) Raised to “Strong-Buy” at Macquarie

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

Geely Automobile Stock Performance

Shares of Geely Automobile stock traded down $1.99 during midday trading 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 12-month low of $18.48 and a 12-month high of $39.02. The company has a fifty day simple moving average of $31.44 and a 200 day simple moving average of $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.