Geely Automobile (OTCMKTS:GELYY) Cut to “Hold” at Macquarie

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

Geely Automobile Stock Down 3.3 %

OTCMKTS:GELYY opened at $36.80 on Monday. The business’s 50-day moving average price is $27.88 and its 200 day moving average price is $24.60. Geely Automobile has a 52-week low of $18.48 and a 52-week high of $38.84.

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.