Geely Automobile (OTCMKTS:GELYY) Downgraded to Hold Rating by 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 Trading Down 5.1 %

Geely Automobile stock opened at $34.94 on Monday. The company’s 50 day moving average is $28.21 and its two-hundred day moving average is $24.68. Geely Automobile has a 52-week low of $18.48 and a 52-week 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.