Geely Automobile (OTCMKTS:GELYY) Share Price Passes 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 Friday . The stock has a 50-day moving average of $38.56 and traded as high as $44.06. Geely Automobile shares last traded at $43.71, with a volume of 12,140 shares trading hands.

Analysts Set New Price Targets

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

Geely Automobile Stock Performance

The business has a 50-day moving average price of $38.56 and a two-hundred day moving average price of $32.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 1.05.

Geely Automobile Company Profile

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.