Geely Automobile (OTCMKTS:GELYY) Sets New 52-Week High – Still a Buy?

Geely Automobile Holdings Limited (OTCMKTS:GELYYGet Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $36.03 and last traded at $36.01, with a volume of 19961 shares changing hands. The stock had previously closed at $32.61.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on Geely Automobile

Geely Automobile Price Performance

The company has a fifty day simple moving average of $23.84 and a 200-day simple moving average of $23.59.

About Geely Automobile

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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 vehicles, automobile parts, and related automobile components, as well as provision of related after-sales and technical services.

Further Reading

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