Shares of Guangzhou Automobile Group Co., Ltd. (OTCMKTS:GNZUF – Get Free Report) were down 11.2% on Tuesday. The company traded as low as $0.2892 and last traded at $0.2892. 100 shares changed hands during trading, a decline of 98% from the average daily volume of 5,058 shares. The stock had previously closed at $0.3255.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group downgraded shares of Guangzhou Automobile Group to a “sell” rating in a research report on Monday, August 31st. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.
Check Out Our Latest Analysis on GNZUF
Guangzhou Automobile Group Price Performance
About Guangzhou Automobile Group
Guangzhou Automobile Group Co, Ltd. (GAC Group) is a China-based automotive manufacturer headquartered in Guangzhou, Guangdong Province. Established in 1997, the company develops, manufactures and sells passenger vehicles, commercial vehicles, automotive components and related products and services.
GAC’s vehicle portfolio includes automobiles sold under its own brands, including Trumpchi, Aion and Hyptec. The company also operates joint ventures with international automakers, notably GAC Toyota and GAC Honda, which manufacture and market vehicles for the Chinese market.
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