Dongfeng Motor Group (OTCMKTS:DNFGY) Shares Gap Up – Here’s What Happened

Shares of Dongfeng Motor Group Co. (OTCMKTS:DNFGYGet Free Report) gapped up prior to trading on Friday . The stock had previously closed at $47.91, but opened at $58.75. Dongfeng Motor Group shares last traded at $58.75, with a volume of 103 shares traded.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res upgraded Dongfeng Motor Group to a “strong-buy” rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

View Our Latest Stock Analysis on DNFGY

Dongfeng Motor Group Stock Up 22.6%

The business’s fifty day moving average is $45.70 and its 200 day moving average is $32.47.

Dongfeng Motor Group Company Profile

(Get Free Report)

Dongfeng Motor Group Company Limited engages in the research, development, manufacture, and sale of commercial and passenger vehicles, engines, and other auto parts in the People's Republic of China. It operates in four segments: Commercial Vehicles, Passenger Vehicles, Financing Service, and Corporate and Others.

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