Geely Automobile (OTCMKTS:GELYY) Hits New 52-Week High – Here’s Why

Shares of Geely Automobile Holdings Limited (OTCMKTS:GELYY) hit a new 52-week high on Friday . The stock traded as high as $45.30 and last traded at $44.51, with a volume of 78286 shares trading hands. The stock had previously closed at $41.32.

Wall Street Analyst Weigh In

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

Geely Automobile Trading Up 7.7 %

The company’s fifty day moving average price is $37.78 and its two-hundred day moving average price is $31.24. The company has a quick ratio of 0.91, a current ratio of 1.05 and a debt-to-equity ratio of 0.08.

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.