Geely Automobile (OTCMKTS:GELYY) Upgraded by Macquarie to “Strong-Buy” Rating

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

Geely Automobile Trading Down 5.5 %

Shares of OTCMKTS:GELYY opened at $33.96 on Thursday. The company has a 50 day moving average of $31.67 and a 200-day moving average of $25.78. Geely Automobile has a one year low of $18.48 and a one year high of $39.02.

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.