Geely Automobile (OTCMKTS:GELYY) Downgraded by Macquarie to “Hold”

Geely Automobile (OTCMKTS:GELYY) was downgraded by investment analysts at Macquarie from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks.com reports.

Geely Automobile Price Performance

GELYY stock opened at $38.04 on Monday. The company’s fifty day moving average price is $27.52 and its 200-day moving average price is $24.50. Geely Automobile has a one year low of $18.48 and a one year high of $38.84.

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.