Guangzhou Automobile Group (OTCMKTS:GNZUF) Stock Price Down 11.2% – Here’s Why

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

The stock has a fifty day moving average price of $0.30 and a 200 day moving average price of $0.32.

About Guangzhou Automobile Group

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Guangzhou Automobile Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guangzhou Automobile Group and related companies with MarketBeat.com's FREE daily email newsletter.