Geely Automobile (OTCMKTS:GELYY) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Geely Automobile Holdings Limited (OTCMKTS:GELYY)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $37.51 and traded as high as $41.15. Geely Automobile shares last traded at $40.86, with a volume of 5,327 shares traded.

Wall Street Analysts Forecast Growth

Separately, Macquarie upgraded Geely Automobile from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 14th.

Geely Automobile Price Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.05 and a quick ratio of 0.91. The company’s 50 day moving average is $37.51 and its 200-day moving average is $31.11.

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.