Geely Automobile (OTCMKTS:GELYY) Hits New 1-Year High – Here’s Why

Geely Automobile Holdings Limited (OTCMKTS:GELYYGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $37.25 and last traded at $36.81, with a volume of 20374 shares trading hands. The stock had previously closed at $35.03.

Analyst Ratings Changes

Separately, Macquarie raised shares of Geely Automobile to a “strong-buy” rating in a research note on Friday, October 4th.

Read Our Latest Analysis on Geely Automobile

Geely Automobile Stock Performance

The firm’s 50 day moving average is $26.79 and its 200-day moving average is $24.30.

About Geely Automobile

(Get Free Report)

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.

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