Geely Automobile (OTCMKTS:GELYY) Hits New 1-Year High – Time to Buy?

Geely Automobile Holdings Limited (OTCMKTS:GELYYGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $39.02 and last traded at $37.17, with a volume of 4212 shares trading hands. The stock had previously closed at $37.00.

Analyst Ratings Changes

Separately, Macquarie downgraded Geely Automobile from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th.

Get Our Latest Analysis on Geely Automobile

Geely Automobile Stock Down 1.8 %

The company’s fifty day simple moving average is $31.18 and its 200 day simple moving average is $25.63.

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

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